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Gold set for biggest rally since 2008

London - Gold hit record highs on Tuesday, as investors ditched stocks and currencies for safe-haven assets on concern over the hit to the global economy from Europe's debt crisis and turbulence in US markets after a downgrade of US sovereign bonds.

Gold in dollars rose to a record $1 778.30 an ounce and was set for its biggest three-day rally since late 2008, when the global financial crisis was at its worst.
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Rand - Dollar
18.80
+1.1%
Rand - Pound
23.49
+1.3%
Rand - Euro
20.10
+1.5%
Rand - Aus dollar
12.28
+1.0%
Rand - Yen
0.12
+2.8%
Platinum
923.40
-0.2%
Palladium
957.50
-3.3%
Gold
2,336.75
+0.2%
Silver
27.20
-0.9%
Brent Crude
89.01
+1.1%
Top 40
69,358
+1.3%
All Share
75,371
+1.4%
Resource 10
62,363
+0.4%
Industrial 25
103,903
+1.3%
Financial 15
16,161
+2.2%
All JSE data delayed by at least 15 minutes Iress logo
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