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Gold up on safe haven buying ahead of U.S. payrolls

Aug 05, 2011, 10:12 PM (GMT+7)
Gold jumped on Friday as investors took refuge from equity and debt markets on mounting concerns about the threat of contagion from the euro zone crisis and as worries about a slowdown in U.S. growth fuelled a pullback in risky assets. Spot gold hit a session high of US$1,669.60 a troy ounce. It was bid at $1,666.70 an ounce at 1109 GMT from $1,647.90 an ounce late in New York on Thursday, up 1.1... 
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