Gold prices rebound a day after settling at a nearly 3-week low

From marketwatch.com

Gold prices traded slightly higher on Wednesday, as the precious metal tried to rebound after settling at a three-week low. The climb for the precious metal came despite some factors that would usually put pressure on haven gold, such as upbeat economic data. The Institute for Supply Management said Wednesday that its index of service-oriented companies such as hospitals, retailers and restaurants rose to a six-month high of 55.5% last month. Separately, private-sector employment surged 291,000 in January, Automatic Data Processing Inc. reported Wednesday. The gain was well above market forecasts and marked the ... (full story)