Gold rises as stocks tumble, extends 4-percent rise

SINGAPORE (Reuters) - Gold gained on Tuesday as investors sought a safe haven after stock markets dropped on growing fears for the global economy. -- Gold was trading at $862.25 an ounce, up $4.80 an ounce New York's notional close on Monday, when it gained almost 4 percent on losses in equities markets -- defying a rallying dollar and weaker oil prices. -- Japan's Nikkei stock average fell 1.38 percent on Tuesday after the Dow tumbled below 10,000 for the first time in four years on growing fears for the global economy, with a surging yen weighing on shares. -- The U.S. dollar scaled a... [read full story]