Gold Surged $4 Again

Gold soared to a fresh 16-1/4-year peak on Friday, after dollar?s next steep drop on bearish comments of U.S. Federal Reserve Chairman Alan Greenspan on the currency.

It was the sixth-straight session of a new peak for the dollar-denominated gold, as it became cheaper for foreign investors.

December delivery gold futures was up $3.20 at $446.10 an ounce at 10:08 a.m. on the COMEX division of the New York Mercantile Exchange, trading from $441.90 to $446.70, which was futures' highest mark since July 1988.