Gold futures extend their rally

NEW YORK (MarketWatch) — Gold futures rose 2% early Tuesday, as the global financial crisis burnished gold’s appeal as a safe haven. Gold for December delivery rallied $17.70 to $883.90 an ounce in electronic trading on Globex. On Monday, the precious metal surged $33 to $866.20 an ounce on the Comex division of the New York Mercantile Exchange. Investors tend to seek safety in gold when the economy falls into turmoil.
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Original post by Forextvblog

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