Gold Rebounded after Undergoing the Worst Year in 3 Decades

Gold rebounded at the start of the New Year, after recording the worst yearly decline in more than 3 decades last year. The benchmark Comex contract jumped to a 2-week high of 1227.2 earlier in the day. Crude oil prices also gained with the front-month WTI contract recovered to above 98 and the Brent crude contract rising to above 111.

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Gold Rebounded after Undergoing the Worst Year in 3 Decades