gold decline - time to buy???, page-35

Gold jumps 1 pct on rising euro, Italy aid hopes

Nov 28 (Reuters) - Gold gained more than 1 percent to above $1,700 an ounce on Monday as the euro rose on hopes Europe will take a bolder step to resolve a crippling debt crisis, while a recovery in equities also prompted buying from investors..

U.S. gold futures rose $22 an ounce to $1,707.7 an ounce. Other precious metals tracked gold higher, with silver rising more than 2 percent, palladium up more than 3 percent and platinum gaining nearly 2 percent. Gold tumbled to its weakest in nearly a month last week after declines in equities blamed on the debt crisis in Europe prompted investors to cash in on bullion to cover losses. But a recovery in equities helped restore gold's appeal…

http://au.finance.yahoo.com/news/PRECIOUS-Gold-jumps-1-pct-reutersau-3763492508.html?x=0

And people still think that gold is a hedge against financial crises and economic decline?