Gold rallies for a fourth straight day as oil prices tumble

Gold advanced for a fourth straight day, the longest rally in almost three months, as a selloff in equities and North Korea’s nuclear test boosted demand for a haven.

Meanwhile, the price of Brent crude dropped to an 11-year low after crude supplies at a US hub rose to a record and oil fell up to 5.9% in London.

Supplies in Cushing in Oklahoma, the delivery point for West Texas Intermediate crude, climbed to an all-time high of 63.9m barrels.