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LONDON: Gold hit its second record high this month on Thursday, as worry about the effect on global growth of a debt-laden US economy and the euro zone financial crisis battered stocks and higher-yielding currencies and lifted perceived safe havens.
Spot gold rose by as much as 1.6 percent to a record $1,816.41 an ounce, to later trade 1.4 percent up at $1,812.99 by 1202 GMT.
US crude oil lost more than $2 to break below $86 a barrel, US stock futures fell 2 percent and high-yielding currencies such as the Australian and New Zealand dollars fell nearly 1 percent.
Copyright Reuters, 2011
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