CAPITAL MARKETS

Gold gains to US$308.70

GOLD prices have surged past US$300 an ounce for the first time in more than two years as the collapse of Enron continues to raise questions about company accounting standards.

Greg Tubby
Gold gains to US$308.70

While US blue-chip shares struggled to hold gains, gold is steady at around US$300, after hitting a high of US$308.70/oz earlier in New York. Investors are turning to gold as a safe haven as the malaise...

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