Gold Prices Rally as Traders Seek Haven From Falling Stocks – Wall Street Journal

Gold prices surged higher on Thursday as some investors sought to gird themselves from disappointing economic data and declines in U.S. stocks by purchasing the haven asset.

The most actively traded contract, for December delivery, recently was up $22.90, or 2%, at $1,154.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

Investors started tiptoeing into the gold market at the start of the U.S. trading…