Wednesday, September 2, 2009

Gold Regains Safety-Play Shine


Gold futures reached the loftiest point in nearly three months Wednesday as the U.S. dollar slid, prices moved above important technical-chart levels and participants bought the metal in a flight-to-quality bid on economic uncertainty and concerns about the equities market.

December gold gained $22, or more than 2.3%, to settle at $978.50 an ounce on the Comex division of the New York Mercantile Exchange. The contract hit $981.40, its highest point since June 5.

Gold Regains Safety-Play Shine -

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