From IHT: Gold prices rose Thursday, ending an eight-day losing streak, as Wall Street resumed its slide after a short-lived burst of optimism. Energy and agriculture futures fell.
Investors scooped up the precious metal in a flight to safety as stocks tanked across the board. Gold is often used as a safe-haven investment in times of economic uncertainty. Recently, however, prices had weakened along with stocks as investors liquidated positions in a variety of investments and moved to the sidelines…… Full Article: Source