Gold Surged to 28 yr Record

Gold rallied to its highest in nearly three decades on Tuesday after crude oil jumped more than a dollar on supply concerns, and dealers said worries in the US credit market will also ignite safe-haven buying in coming days.

Spot gold hit an intraday high of $814.10 an ounce, its best level since January 1980, before slipping to $813.50/814.25 an ounce, higher than $808.80/809.60 late in New
York.