Gold rises on bank scare; holds near lifetime high

Gold gained on Wednesday, within sight of a two-month high hit the previous day, as global stocks tumbled and the euro slipped on renewed fears about the health of the global economy.

Gold, which is also a few dollars away from a lifetime high of around $1 264/oz struck in June, is on track for its tenth yearly gain -- its longest run of yearly increases in more than 40 years.

On Wednesday, Gold added $3,85 to $1 256,95 after rising as high as $1 259,80 on Tuesday, its strongest since June 28, with investors rattled by a Wall Street Journal report that said "stress tests" published more than a month ago underestimated some lenders' holdings of potentially risky government debt.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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