Gold surges as investors rush to safety - MarketWatch: "Gold futures jumped $70 an ounce Wednesday, the biggest daily gain in dollar terms in more than two decades, as anxiety highlighted by the U.S. takeover of American International Group fueled massive safe-haven buying.
Gold for December delivery ended the day up 9% at $850.50 an ounce on the Comex division of the New York Mercantile Exchange. That represents gold's biggest one-day jump in dollar terms since at least 1980, the earliest year historical data were available on the Comex. Gold futures started trading in the U.S. in 1974."
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