Investors take shine to gold on China worries

The value of gold has been on the rise since its five-year low in July as investors look for safer havens concerned over China’s economy.

The crisis in Chinese stocks and last week’s devaluation of the yuan have prompted a drop in other Asian currencies and shaken Asia’s equity markets.

In that period, gold has gained almost three percent to $1,110 per troy ounce since its July 8 five-year low. Gold has been performing better than other commodities, such as aluminum which has lost six percent and copper nine percent in the same period .... http://www.rt.com/business