Gold near highest in over two months as equity plunge boosts safe-haven appeal

BENGALURU (Reuters) - Gold edged down on Friday but held near an over two-month high hit in the previous session, when prices surged over 2 percent as a rout in global stock markets boosted the metal's safe-haven appeal. FUNDAMENTALS * Spot gold was down 0.2 percent at $1,221.06 an ounce at 1255 GMT. On Thursday, it jumped about 2.5 percent after marking its highest since July 31 at $1,226.27.

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By: Firstpost - Thursday, 11 October

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