Gold Stages Biggest Gain Ever in Bid For Safety
GOLD, SILVER, METALS, STOCK MARKET NEWS, COMMODITIES
By CNBC.com
CNBC.com
| 17 Sep 2008 | 02:26 PM ET

Gold staged its biggest one-day move ever Wednesday, with investors
flocking to the metal amid a tidal wave of stock market uncertainty.

The price of gold skyrocketed more than $80 an ounce, or 10.74 percent,
easily besting the previous largest dollar move of $63 on Jan. 29, 1980,
and past the largest percentage gain of 10.24 on March 19, 1980.

With stock indexes tumbling as much as 4 percent during the day, traders
took haven in gold as a hedge against the Wall Street fallout.

© 2008 CNBC.com

URL: http://www.cnbc.com/id/26759053/