Gold News & Info

Source: Marketwatch

New York— Gold futures rallied on Wednesday, breaking a two-session losing streak, as mixed trading in the dollar and rising crude-oil prices bolstered demand for the precious metal. Copper futures surged nearly 6% after a powerful earthquake hit Chile, the world's biggest copper producer. Gold for December delivery rose $15.70, or 2%, at $814.70 an ounce on the New York Mercantile Exchange.

"Investment capital is flowing strongly back into gold today after the sharp, severe correction," said Peter Spina, an analyst at GoldSeek.com. "With the U.S. dollar incapable of rebounding, gold is finding terrific support in the low $800's." Market conditions for gold have changed dramatically from a few months ago, Spina said. See full story.