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Message: INDUSTRY BULLETIN - Gold Surges to Top $800 on Safe-Haven Buying

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INDUSTRY BULLETIN - Gold Surges to Top $800 on Safe-Haven Buying

posted on Nov 21, 08 10:25AM

Gold futures surged Friday, briefly topping $800 an ounce for the first time in more than a month, as wary investors returned to the safety of the precious metal. Gold for December delivery rallied $43.10, or 5.8%, to end at $791.80 an ounce on the Comex division of the New York Mercantile Exchange. It jumped 7.1% to $801.90 earlier, rising to above $800 for the first time since Oct. 16. The benchmark contract ended the week up 6.6%, the biggest weekly percentage gain since the week ended Sept. 19

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