Gold adds almost $15 to $808.50 in New York
by Elaine Frei
Precious metals prices were significantly higher in New York on Friday as resurgent concerns about the US subprime crisis sent investors looking for a safe place to put their money.
In addition, the US dollar touched yet another record low versus the euro during the day.
December gold was $14.80 higher to $808.50 per troy ounce after going as high as $810.70 per troy ounce earlier in the session, adding 1.9 percent on the day and 2.7 percent for the week.
In addition, gold for immediate delivery breached the $800 level for the first time in nearly three decades when it added $19.34 to $806.65 per troy ounce, a gain of 2.5 percent on the session.
December silver also added 1.9 percent as it gained 27 cents to $14.60 per troy ounce.
January platinum, meanwhile, was up $11.90 to $1,462.70 per troy ounce.
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