Posted AT 4:47 PM EST on 11/01/08
U.S. gold futures hit $900 mark
NEW YORK — Gold futures briefly rose above $900 (U.S.) an ounce — an all-time high — before pulling back Friday as growing worries of a U.S. recession prompted uneasy investors to keep buying the precious metal.
An ounce of gold for February delivery on the New York Mercantile Exchange jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone.
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