By SARA LEPRO
AP Business Writer
Published: Tuesday, Jan. 20, 2009
NEW YORK -- Gold prices advanced Tuesday as investors sought safety amid fears of a deepening global banking crisis. Other commodities fell amid expectations that demand will continue to weaken.
Signs that banks are still suffering big losses from soured loans, and warnings that those losses will continue for some time have investors worried that the government's efforts to prop up the financial system won't be enough. That rattled Wall Street Tuesday, causing investors to flee stocks and move their money to more traditionally safe investments like gold.
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