Can gold hold or rise?

The price of gold has taken a beating, but there are prospects for a rebound above SUS1,400.

Following the rapid plunge in gold prices from October 2012 – almost $US600 or one-third of its value – we have in more recent times seen a bounceback of around $US200 ( 16%). But the gold price has dropped around $US40 over the last two sessions, to now sit at $US1,373.

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