Gold extends gains as equities slip
SINGAPORE, Oct 15 (Reuters) - Gold rose further onWednesday after declines in stock markets gave speculators anexcuse to buy the metal seen as an alternative investment. -- Gold <XAU=> traded at $842.90 an ounce, up $7.65 fromNew York's notional close. Gold jumped 2 percent to an intradayhigh of $853.50 on Tuesday before trimming gains after theUnited States unveiled plans to take stakes in its biggestbanks....
10/15/2008 1:37:15 AM
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