Gold to Gain as Output Languishes on Spending Cuts, WGC Says

``Gold will rebound as spending cuts by producers and the closure of costly operations bring better balance to supply and demand, said the World Gold Council. "It's possible mine production could be flat this year globally and could even fall," Marcus Grubb, managing director of investment research at the producer-funded council, said in an interview in Kalgoorlie, Western Australia. "That would bring the market back into balance again."''