Gold surged to new 4-week highs, boosted by safe-haven demand in the face of further sharp losses in U.S. stocks. Waning expectations of a September rate hike have also weighed somewhat on the dollar, which is helping to underpin the yellow metal. Chinese shares saw another volatile day: After dropping more than 6% on Tuesday, the Shanghai Composite was down another 5% intraday, before rebounding into the close. The DJIA is presently down more than 200 points, amid rising concerns about the state of the global economy. SHUBH COMMODITY 09824946743

Gold surged to new 4-week highs, boosted by safe-haven demand in the face of further sharp losses in U.S. stocks. Waning expectations of a September rate hike have also weighed somewhat on the dollar, which is helping to underpin the yellow metal.

Chinese shares saw another volatile day: After dropping more than 6% on Tuesday, the Shanghai Composite was down another 5% intraday, before rebounding into the close. The DJIA is presently down more than 200 points, amid rising concerns about the state of the global economy.

SHUBH COMMODITY 09824946743

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