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Gold briefly jumps 1.2 percent as Flynn probe roils markets

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON (Reuters) - Gold jumped on Friday as the dollar and U.S. stocks fell on an ABC news report that former national security adviser Michael Flynn was prepared to tell investigators that Donald Trump directed him to make contact with Russians during last year's presidential election campaign.Shares on Wall Street fell immediately after the report. Investors feared the political news could affect whether the Senate will pass a tax bill backed by Trump. Within moments, however, gold came off its highs and U.S. stocks bounced off lows. Michael ...

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First Published: Sat, December 02 2017. 08:40 IST