Gold rose further on Wednesday after declines in stock markets gave speculators an excuse to buy the metal seen as an alternative investment.
Gold traded at $842.90 an ounce, up $7.65 from New York's notional close. Gold jumped 2% to an intraday high of $853.50 on Tuesday before trimming gains after the United States unveiled plans to take stakes in its biggest banks.
Japan's Nikkei slipped 0.6% on Wednesday, a day after its biggest one-day gain in history; with exporters down as US stocks fell on worries about the global economy.
The US unveiled plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that US officials called a regrettable last resort.
Platinum traded at $1,010 an ounce, down $7.50 an ounce from New York's notional close. It hit a two-week high of $1,040 on Tuesday, mainly due to buying from investors in Japan.
New York gold futures GCZ8 rose $7.2 an ounce to $846.7 an ounce on safe-haven buying.
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