Gold Prices Spike as Equities See an Exodus

Source:

"Gold prices were rising Friday as stocks continue their dramatic selloff despite a better-than-expected read on the labor market."

The Street, Alix Steel

Gold prices were rising Friday as stocks continue their dramatic selloff despite a better-than-expected read on the labor market for July.

Gold for December delivery was up $6.30 to $1,665.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,673 and as low as $1,644.20 while the spot gold price was adding $11.60, according to Kitco's gold index. . .View full article

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