Gold Rebounds on Greece's Downgrade
BonTradeGold rebounded for the first time in 3 days as the sharp selloff late last week spurred buying interests. Downgrade of Greece's rating raised concerns in sovereign crisis in the Eurozone again and this in turn boosted gold demand. Currently trading at 91.5, WTI crude oil price remained at elevated level. Price slumped on Friday but strong support was found above 90 as fuel demand soared and equities strengthened.
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Gold Rebounds on Greece's Downgrade
