March 13, 9:13 am ET
NEW YORK (Reuters) -
U.S. gold futures rallied to a record high of $1,000 an ounce on Thursday, fueled by a combination of a weakening dollar, strong investment demand and inflation fears due to rising crude oil prices.
At 8:27 a.m. EDT, the active contract for April delivery was up $17.30 or 1.7 percent at $997.70 an ounce. Just minutes earlier, it had hit an all-time high of $1,000 on the COMEX division of the New York Mercantile Exchange.
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