Gold Surged Over $10

Gold for December delivery was last up $10.30 at $590.60 an ounce on the New York Mercantile Exchange.

Gold futures gained support today from higher energy prices, reports of strong physical demand from India and an increasing possibility of sanctions against North Korea, according to CBS MarketWatch.

"Despite the enormous hype in the last few weeks over the gold price, fundamentally little has changed in the gold market," said Julian Phillips, an analyst at GoldForecaster.com.