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CHICAGO, Oct. 14 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange bottomed out of a three-month low Monday. The most active gold contract for December delivery increased 8. 4 dollars, or 0.66 percent, to settle at 1,276.6 dollars per ounce. The weakening dollar against other major currencies as well as the rebound of the U.S. stock market Monday lent certain support to gold. Nevertheless, gold's growth was limited on news that President Barack Obama will meet with congressional leaders of both parties Monday afternoon. Over the weekend, talks in the Senate aiming to avoid...

Billionaire hedge fund manager John Paulson, who told investors as recently as last month that they should own gold, cut his holdings in the metal by more than half as prices plunged into a bear market. Paulson & Co., the largest investor in the SPDR Gold Trust, the biggest exchange-traded product for the metal, pared its stake to 10.2 million shares in the three months ended June 30 from 21.8 million at the end of the first quarter, according to a government filing Wednesday. The New York-based firm, which manages $18 billion, cut its ownership for the first time since...

Although gold prices have gone down a lot, it's still hard to call it an end, investor Jim Rogers said in Beijing on June 1 at the launch ceremony of the Chinese version of his book Street Smarts. He said that it is rare that gold prices have been on an up trend for 12 years and it's time for a correction, which may last for one to two years. However, he said he has held gold for many years and has not sold any. He added that he bought a little bit of gold last Thursday. Hong Rong, acting...