| Gold prices rose to their highest level in about three weeks Wednesday, as investors fled to the safe-haven metal after China’s devaluation roiled markets. Gold for December delivery, the most actively traded contract, closed up 1.4% to $1,123.60 a troy ounce on the Comex division of the New York Mercantile Exchange, its highest level since July 20.
Concerns about China’s economy on Wednesday sent shock waves through currency markets and pulled stocks sharply down around the globe. The yuan fell by as much as 1.98%, adding to Tuesday’s move to weaken the currency by almost 2%...............................................Full Article: Source
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