GOLD PRICE UPDATE BY FORTUNE

GOLD PRICE UPDATE;

Gold rebounding dollar knocked  off its $1,200 perch Monday, but traders said they expected geopolitical worries and Italy’s debt crisis to limit further downsides in the metal for December delivery on the COMEX division of the New York Mercantile Exchange settled the day’s trade down $17, or 1.4%, at $1,188.60 per troy ounce amid the closure of U.S. bond markets for the Columbus Day holiday.

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