Wednesday, October 5, 2011

U.S. gold rallied Wednesday as investors scooped up the precious metal at bargain prices after its previous day loss. December gold prices rose $25.60, or 1.6%, to $1,641.60 an ounce on the Comex division of the New York Mercantile Exchange. Prices ranged from $1,596.60 an ounce to $1,648.90 an ounce.