Gold Hits Four-Week High as Worries Over China Hurt Stocks

Gold hit a four-week high on Wednesday, extending gains for a third session, as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East. The metal is closing in on key chart levels, including the December high at $1,088.70. A sustained push above $1,088 would…

Gold Hits Four-Week High as Worries Over China Hurt StocksDetails

Uncertainty Over Fed Direction, Asian Markets Causes Gold to Surge

Gold prices surged past 3 1/2-month highs Wednesday morning as investors further discounted the possibility of a rate increase by the U.S. Federal Reserve this year and the precious metal benefited from Chinese investors fleeing stock-market falls in Asia. Gold prices rose to $1,174.60 a troy ounce during European morning hours, the highest since June…

Uncertainty Over Fed Direction, Asian Markets Causes Gold to SurgeDetails