Gold futures rally 3% as investors seek a safe haven

NEW YORK (MarketWatch) — Gold futures rose sharply early Monday, as the metal’s safe-haven appeal continued to lure investors, while the U.S. dollar fell sharply against other major currencies. Gold for December delivery rallied $24.90, or 3%, to $889.60 an ounce in electronic trading on Globex.

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Technorati Tags: Currencies, Early Monday, Electronic Trading, Globex, Gold Futures, Gold Rose, Haven New York, Investors, Marketwatch, Ounce, Rally, Safe Haven