Gold rises on bank scare; holds near lifetime high

On Wednesday, Gold gained, within sight of a 2-month high hit the previous day, as global stocks tumbled and the euro slipped on renewed fears about the health of the global economy.

The press release is quoted as saying:

Gold, which is also a few dollars away from a lifetime high of around $1,264 an ounce struck in June, is on track for its tenth annual gain — its longest run of yearly increases in more than 40 years.

Click here to access the entire press release