Investors Run In Droves to Gold, ETFs; Dollar Dips
September 17, 2008 at 05:45 AM EDT
Gold prices and exchange traded funds (ETFs) are soaring after the government bailed out American Insurance Group (AIG) and the dollar fell. The largest gold ETF shot up 11.6% along with prices - the biggest one-day gain ever. Investors are fearing more tightening of the credit markets, and they’re reacting quickly, says Stevenson Jacobs for the [...]
