Gold rebounded in New York, extending an 11th annual gain, on speculation prices at a five- month low will spur demand from jewelers and investors.
Bullion fell 4.8 percent over the previous six sessions to the lowest level since July 7 as gains by the dollar against the euro curbed demand for the metal as an alternative investment. Jewelry usage inIndia, the world’s biggest buyer, rose 12 percent in 2011’s first quarter from a year earlier, according to World Gold Council figures…..http://www.bloomberg.com/news/2011-12-30/gold-rebounds-from-lowest-level-in-six-months-heading-for-11th-annual-gain.html
