News From Press Gold jumps as equity sell-off triggers safe-haven bids

Gold jumps as equity sell-off triggers safe-haven bids

Source: The Economic Times Oct 4, 2018

Gold hit its highest in more than a week on Tuesday, vaulting over the $1,200-per-ounce mark, as investors sought refuge in the metal after stock markets sold off due to anti-euro comments by an Italian lawmaker.

Spot gold jumped 1.4 per cent to $1,204.50 per ounce by 12:08 p.m. EDT (1608 GMT), after reaching its highest since Sept. 21 at $1,208.23. US gold futures gained 1.4 per cent to $1,208.50.

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