(Bloomberg) -- Gold may rebound, halting a two-week
slide, on speculation that rising oil costs will boost demand
for the precious metal as an inflation hedge.
Fourteen of the 32 traders, investors and analysts surveyed
by Bloomberg from Sydney to Chicago on June 28 and June 29
advised buying gold, which fell 0.9 percent last week to $650.90
an ounce on the Comex division of the New York Mercantile
Exchange. Nine said to sell, and nine were neutral.
Read more at Bloomberg Commodities News
slide, on speculation that rising oil costs will boost demand
for the precious metal as an inflation hedge.
Fourteen of the 32 traders, investors and analysts surveyed
by Bloomberg from Sydney to Chicago on June 28 and June 29
advised buying gold, which fell 0.9 percent last week to $650.90
an ounce on the Comex division of the New York Mercantile
Exchange. Nine said to sell, and nine were neutral.
Read more at Bloomberg Commodities News
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