| From Theage.com.au: US gold futures jumped 5% in electronic trading on Friday as investors frantically searched for assets that might be safe havens after heavy losses in equity markets. Japan's Nikkei average fell 11% in the opening minutes of trade, boosting gold's appeal as an alternative investment.
The gold futures contract for December delivery on the COMEX division of the New York Mercantile Exchange hit a high of $US931.3 an ounce, up $US44.8 from Thursday's settlement of $US886.5 in New York. Cash gold jumped more than 1% to reflect gains in futures..... Full Article: Source
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