Gold Surges as Investors Seek Safety

Precious Metals

CNN Money reported that gold prices surged on demand for an investment haven following the downgrade of the US credit rating.

CNN Money reported that gold prices surged on demand for an investment haven following the downgrade of the US credit rating.

The market news is quoted as saying:

Joe Foster, portfolio manager for the Van Eck Global gold mutual fund, said prices are being driven by falling stock markets around the world.

To read the full market news, click here.

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