Weak Dow propels safe-haven NY gold to 1-week high

Newswire

By Zach Howard NEW YORK, Sept 30 (Reuters) - Gold futures on the New York Mercantile Exchange charged to a one-week high Monday as sagging stock markets, a weak U.S. dollar and rumblings of a U.S. war with Iraq pushed investors into safe-haven assets. But gold, at the moment guided by speculators rather than the market's industrial and commercial users, faltered well below June's 2-1/2 year peak over $330 an ounce amid a lack of momentum after a morning burst of fund buying. "The gold ...

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