Gold Prices Rebound on European Debt Drama

NEW YORK (TheStreet) — Gold prices were rallying Tuesday on bargain hunting and safe haven buying as investors took advantage of lower prices resulting from Monday’s 3% decline.

 Gold for December delivery was up $14.60 at $1,827.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,838.90 and as low as $1,794.80 while the spot gold price was adding $11, according to Kitco’s gold index.
 
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