Gold Prices Rebound

Coming back from a three-month low

Gold bounced back from a three-month low, rising 1 per cent to $1,278 a troy ounce on Monday as traders took stock of recent market activity.

Bullion fell to its lowest level since early July on Friday after a large sell order triggered a surge in trading volumes on Comex, the New York commodities exchange.

Comments

[Derick @Teletrade]

There are some rumors going on in the market regarding change of world currency standard from US Dollar to Gold Standard. Is there's any substance to it? Fundamentals of Dollars look weak and the economy is also on the verge of default. The rumor of change in currency standard looks imminent in the future after looking at the fundamentals. Is there anything we should be scared of?

[Ketogenic Paleo]

Makes sense. Iceland recently ditched its currency and adopted the Canadian dollar.