MW: Gold futures hit intraday high of $998.50 an ounce
Gold futures soared as high as $998.50 an ounce Friday, as investors spooked by the sell-off in U.S. stock futures and international stock markets sought safety in the precious metal. Gold for April delivery rallied to an intraday high of $998.50 an ounce, just a few dollars below the psychologically key area of $1,000 an ounce. The April contract was last up $20, or 2%, to $996.40 an ounce on Globex.
