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June 29 (Bloomberg) -- Gold may rebound from the biggest decline in a week on speculation that the global economic recovery may be faltering, spurring demand for safer assets.
Gold for immediate delivery was little changed at $1,239.95 an ounce at 8:59 a.m. in Singapore, after falling 1.3 percent yesterday. August-delivery futures were also little changed at $1,240 an ounce.
“Gold is the ultimate insurance policy in the face of financial market uncertainty and investors continue to receive mixed messages with respect to the broader world economy,” Gavin Wendt, senior analyst with MineLife Pty Ltd. in Sydney. “Continued strong growth amongst emerging economies is being offset by uncertainty in Europe and the U.S.”
I'm getting mixed signals from the marketplace commentators...