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Israeli air strikes lift safe-haven gold

Melissa Pistilli
Jan. 07, 2009 09:53AM PST
Market News

Gold Investing News reports gold has been gaining up to 5.5% in 2008. Gold had soared to an intraday high of $892 an ounce on Globex last week, which was the precious metal’s highest level since October 9. Gold futures too had surged to their highest level since early October, on safe-haven buying as Israeli …

Gold Investing News reports gold has been gaining up to 5.5% in 2008.

Gold had soared to an intraday high of $892 an ounce on Globex last week, which was the precious metal’s highest level since October 9. Gold futures too had surged to their highest level since early October, on safe-haven buying as Israeli air strikes against Hamas targets in the Gaza Strip continued unabated.

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