Gold comes into its own as Citigroup flounders

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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.

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