Barbara
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Platinum Boarder
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Gold Gains in London as European Stocks Decline - 2008/10/15 19:35
Hi guys! My favorite commodity rose in London as European equity markets fell, buoying demand for the metal as a haven investment.
The Dow Jones Euro Stoxx 50 Index, a benchmark for the euro region, dropped as much as 2.6 percent. The index has fallen 15 percent since Lehman Brothers Holdings Inc. filed for bankruptcy on Sept. 15. Gold has risen 7 percent in the same period.
Gold for immediate delivery rose $9.17, or 1.1 percent, to $845.88 an ounce as of 11:07 a.m. in London. Futures for December added $8.40, or 1 percent, to $847.90 an ounce in electronic trading on the Comex division of the New York Mercantile Exchange.
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