CNN Money: Gold: Time to buy now?

Gold has been a losing investment for months. But in the last six days, the precious metal seems to have regained some of its luster, rising 5.8%. Last week, gold recorded its biggest weekly percentage gain since 2011, and it came after four weeks in a row of losses. Some believe this could be the beginning of a new momentum.

"We're in process of finding a bottom," said Jeff Nichols, managing director of American Precious Metals Advisors.
Since April, investors have abandoned gold in favor of the stock market, where they have chased higher returns.
The price of gold is off sharply from the record highs of 2011, when it touched $1,900 an ounce. Despite its gains this past week, gold is still down about 24% since the beginning of the year. It's currently changing hands in the futures market at $1,284 an ounce.

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