U.S. gold rises above $1,000/oz on flight to safety
U.S. gold futures climbed above $1,000 an ounce on Friday as jittery investors turned to the yellow metal as a safe haven amid tumbling stocks and economic uncertainties.
Gold for April delivery was up $21.30, or 2.2 percent, at $997.80 an ounce on the COMEX division of the New York Mercantile Exchange after peaking at $1,000.30 which marked the highest price since July 16.
(Reporting by Frank Tang; Editing by John Picinich)
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