Metals Stocks: Gold prices surge to 2-month highs, buoyed amid embattled stock market

Gold prices surged Thursday to their highest in two months, with the metal’s haven status in full force and attracting investment interest amid a sharp retreat for U.S. stocks that has infected foreign indexes.

Gold gained as global stock markets suffered from broad declines Thursday. Major U.S. stock indexes have so far failed Thursday to recover from Wednesday’s plunge.

The dollar, a key driver for the precious metals, weakened against its currency rivals. Another haven market, however, U.S. Treasury bonds — chief among culprits influencing rickety stock trading of late — drew their own fresh demand Thursday, halting for now the rise in yields that spooked stock investors.

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