| On Thursday, gold capitalized on its safe haven status amid another down day on equity markets and after weak US economic news supported a decision by the US Federal Reserve last week not to raise interest rates.
In late afternoon dealings on the Comex market in New York, gold futures with December delivery dates jumped more than $25 or 2% to $1,156.70 in heavy trade with double the daily average number of contracts changing hands. The last time gold was above the $1,150 resistance level was August 24. Gold is up 5% from where it was trading before the Fed's hold on rates which have been unchanged since June 2009...............................................Full Article: Source
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