Gold At $1000 Mark Due to Low U.S. Currency

Gold futures soared near to $1,000 mark on Friday after the U.S. dollar fell to the record low.

Spot gold rose to $998.70 an ounce against $991.00/991.80 late in New York on Thursday.

U.S. gold futures hit an historic high of $1,001.50 on Thursday, while the London Bullion Market Association said its members confirmed the spot metal also breached the $1,000-level on some trading platforms the previous day. The over-the-counter market uses different systems to trade the metal.