Gold rebounded after a drop to the lowest price in almost seven weeks

Gold rebounded after a drop to the lowest price in almost seven weeks spurred purchases and as investors boosted holdings in exchange-traded products to a record. Silver, platinum and palladium advanced.

Spot gold climbed as much as 0.4 percent to $1,708.85 an ounce and was at $1,706 at 12:06 p.m. in Singapore. The metal slumped to $1,699 yesterday, dropping below $1,700 for the first time since Sept. 7, as the European Central Bank warned about the risk of deflation in some countries.
Source Bloomberg : Read More >>>>>