LONDON, Sept 1 (Reuters) - Gold prices rose to their highest
in just over two months in Europe on Wednesday as investors
bought the metal as a haven from risk amid growing fears over
the outlook for the global economy.
Holdings of the world's largest gold-backed exchange-traded
fund, New York's SPDR Gold Trust <GLD>, rose nearly 4 tonnes on
Tuesday as buyers were attracted to the perceived safety of
physical bullion. [GOL/SPDR]
Spot gold <XAU=> hit a peak of $1,251.45 an ounce was at
$1,251.05 an ounce at 0822 GMT versus $1,248.99 late in New York
on Tuesday. Silver <XAG=> also hit its highest since mid-May at
$19.53 an ounce and was later at $19.42 an ounce against $19.34.
(Reporting by Jan Harvey; Editing by William Hardy)