Financial Times FT.com

Gold coin sales halted after retail rush

By Javier Blas in London

Published: September 25 2008 23:03 | Last updated: September 25 2008 23:03

The rush by retail investors into gold on Thursday forced the US government to “temporarily” suspend the sales of the popular American Buffalo one-ounce bullion coin after depleting its inventories.

The shortage of gold coins is the latest sign of investors seeking a safe haven into bullion amid Wall Street woes. Gold prices this week surged above $900 an ounce, up about 20 per cent from its level before the collapse of Lehman Brothers.

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