U.S. gold rises above $1,000/oz on flight to safety

In early trading today, Gold hit $1,000/oz as fear is creeping back into the market. The Dow is at a new bear market low, trading down 130 at 7338.-Lou

U.S. gold rises above $1,000/oz on flight to safety

NEW YORK (Reuters) - 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.