BLBG: Gold Gains in New York as Equities Retreat in Europe, Asia
By Ted Bunker
Sept. 2 (Bloomberg) -- Gold rose in New York for a second straight day as equity markets in Asia and Europe declined, increasing demand for the metal as an alternative asset.
Gold futures for December delivery advanced $5, or 0.5 percent, to $961.50 an ounce at 8:28 a.m. on the New York Mercantile Exchange’s Comex unit. The MSCI World Index of equities dropped as much as 0.9 percent.
