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WORLD> Asia-Pacific
Gold surges on lure of safe haven
(Agencies)
Updated: 2008-09-18 22:25


A shop attendant carries a tray of gold necklaces at a jewellery story in Singapore September 18, 2008. Gold reversed earlier gains to fall below $860 per ounce on Thursday, down about 0.4 percent from the previous day, as buying ran out of steam. It had earlier risen by more than 3 percent to $892.10, extending its biggest ever one-day rise in absolute dollar terms on Wednesday, when buyers flocked to the precious metal as a safe haven asset, and as a hedge against falling stocks. [Agencies]

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