Gold Rebounds in London as German Business Confidence Slumps

By Nicholas Larkin

Nov. 24 (Bloomberg) -- Gold rebounded in London after German business confidence slumped to its lowest in almost 16 years in November, increasing bullion's appeal as a haven.

Gold for immediate delivery rose $1.91, or 0.2 percent, to $802.31 an ounce by 9:21 a.m. in London after earlier dropping as much as 1.7 percent. December futures were $11, or 1.4 percent, higher at $802.80 in electronic trading on the Comex division of the New York Mercantile Exchange.

To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net