Gold nears $1,000 an ounce, ending at 6-month high

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By Moming Zhou

NEW YORK (MarketWatch) — Gold futures rose Thursday to six-month highs, with nearby contracts approaching $1,000 an ounce while contracts for next year’s delivery topping the psychologically important level, as a weakening dollar and continued fund buying pushed up prices. Gold for delivery, the most active contract, gained $19.20, or 2%, to $997.70 an ounce on the Comex division of the New York Mercantile Exchange, the highest settlement for the contract since Feb. 23. It rose as high as $999.50 earlier. The October contract rose to $996.30, while futures for April delivery ended at $1,000.20 an ounce. (Updates to correct the December contract closing price.)

http://www.marketwatch.com/story/gold-nears-1000-an-ounce-ending-at-6-month-high-2009-09-03

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