PETALING JAYA: Gold lost some of its glitter over the past few days, plunging to its lowest in two years as investors ditched the precious metal on fears of central banks like Cyprus, and other weak eurozone economies selling some of their reserves.
Gold prices, however, regained some ground yesterday. At press time, spot gold rebounded US$28.21 to US$1,376.43 per ounce. The price of gold reached an all-time high of US$1,920.30 an ounce in September 2011.
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