Gold comes back to life, Energy & Commodities - THE BUSINESS TIMES: "The metal's gain above "the 200-day moving average gives longer-term confidence" to bulls, Frank Holmes, the San Antonio- based chief investment officer at US Global Investors, said in a telephone interview. "Gold only becomes unattractive when you can't earn money on it." Gold futures for December delivery gained 1.2 per cent to settle at US$1,179.80 an ounce Wednesday on the Comex in New York. The 200-day measure is near US$1,176. The metal is coming close to erasing its 2015 loss, and is down just 0.4 per cent since the end of December."
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