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    Gold comes into its own as Citigroup flounders

    Melissa Pistilli
    Nov. 24, 2008 10:36AM PST
    Market News

    Gold Investing News reports gold rallied slightly higher than $800 an ounce in New York. “Gold is really starting to re-emerge as the safe-haven asset,” said David Meger, a metals analyst at Alaron Trading, in a Reuters report. U.S. gold futures for December delivery (GCZ8) settled up $43.10, or 5.8 per cent, at $791.80 an ounce …

    Gold Investing News reports gold rallied slightly higher than $800 an ounce in New York.

    “Gold is really starting to re-emerge as the safe-haven asset,” said David Meger, a metals analyst at Alaron Trading, in a Reuters report. U.S. gold futures for December delivery (GCZ8) settled up $43.10, or 5.8 per cent, at $791.80 an ounce on the COMEX division of the New York Mercantile Exchange.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

     

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