Biz Brief: Gold Jumps Another $23 as Stocks Swoon

Gold prices jumped again Monday as the global flight to safety remained on autopilot.

Gold futures for August delivery, the most active contract on the Comex division of the New York Mercantile Exchange (CME), popped another $23.30, or 1.9%, to $1,241.00 an ounce.

Predictably, the dollar continued to gain against the euro and riskier assets continued to languish. The Dow Jones Industrial Average ($INDU) shed another 115 points to settle at 9,816.