August 15, 2013 at 18:30 PM EDT
Gold Gets Boost As Stock Market Logs Big Decline
Gold jumped to an eight-week high as a tumble in equity markets boosted demand for the metal as an alternative investment. The MSCI All-Country World Index of stocks headed for the biggest drop in seven weeks. The World Gold Council said today that global jewelry demand jumped 37% to 575.5 metric tons in the second quarter, with combined bar and coin sales jumping 78% from a year earlier to an all-time high of 507.6 tons as
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