(Mining.com) On Monday gold staged a bit of a comeback with December futures trading on the Comex market in New York exchanging hands at $1,265.20 an ounce in European trade, up more than $13 from Friday’s close.
Gold has been on the defensive since last Tuesday when heavy selling saw it crash through $1,300 an ounce to a level last seen before the Brexit vote gave it a new leg up. For the week gold lost more than 5% with Friday US jobs numbers pushing the metal below $1,250 for the first time since the beginning of June.
