MW: Gold rises on speculation prices have bottomed
By Moming Zhou
NEW YORK (MarketWatch) -- Gold futures rose Monday for the first time in three sessions on speculation that the precious metal's prices, suffering their biggest monthly loss in 25 years, may have bottomed. Gold for December delivery gained $8.60, or 1.2%, to end at $726.80 an ounce on the Comex division of the New York Mercantile Exchange. The contract had surged to $739.50 earlier. The precious metal lost 18% in October, the biggest monthly percentage decline since February 1983, according to Comex data.
