MW: Gold futures rise 2% as safety buying continues
By Moming Zhou
NEW YORK (MarketWatch) -- Gold futures rose nearly 2% Tuesday, building on gains from the previous session, as investors continued to buy the precious metal as a safe haven amid the global turmoil in financial markets. Gold for December delivery rallied $15.80, or 1.8%, to $882 an ounce on the Comex division of the New York Mercantile Exchange. Gold has gained nearly $50 over the past two sessions.
