LONDON, Sept 6: The price of gold leapt on Thursday to the highest level since the end of April as traders sought a safe haven for their cash amid uncertainty on global financial markets, analysts said.
On the London Bullion Market, gold prices rose to $693.47 per ounce, which was last seen on April 23, 2007.
Faced with ongoing turmoil in world markets, gold has started to find support from safe haven investors -- on top of a seasonal rise from physical purchasing by jewellery firms in Asia.
“Gold does seem to have found some momentum of its own this week, suggesting the metal’s safe-haven attributes have well and truly kicked in,” said analyst James Moore at specialist metals website TheBullionDesk.com.
