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BullsEye

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BullsEye

Re: GOLDMAN007 post# 7279

Friday, 01/23/2009 9:55:55 AM

Friday, January 23, 2009 9:55:55 AM

Post# of 14062
Gold futures surge on safe-haven demand

NEW YORK (MarketWatch) -- Gold futures rose Friday, as falling equities and worries about the global economy prompted investors to seek a safe haven. Gold for February delivery gained $14.40, or 1.7%, to $873.10 an ounce in electronic trading on Globex. Gold gained "on heavy safe-haven demand as sentiment deteriorated across global equity markets," said analysts at Action Economics.
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