Friday, 19 August 2011

Gold rises as Asian markets slide

For investors in this economic climate, it seems that all that glitters is gold.

The cost of the precious metal hit an all-time high on Friday after its seventh consecutive weekly gain. The metal has already risen by 14 per cent in August.

It is being called a modern day gold rush, and is fueled by the dismal performance of the stock markets across Asia pacific.

Al Jazeera's Divya Gopalan reports.