Gold makes comeback as recession fears bite

US manufacturing, non-manufacturing and private payroll data all missed expectations this week, increasing recession fears and strengthening the case for an October interest rate cut.

Gold makes comeback as recession fears bite Gold makes comeback as recession fears bite Gold makes comeback as recession fears bite Gold makes comeback as recession fears bite Gold makes comeback as recession fears bite

GOLD regained some of its safe haven status this week as economic fears took hold.

Comex gold futures dipped earlier in the week to as low as US$1480 an ounce, but overnight rose back towards $1515/oz.