Gold Prices Soared $23

Commodities prices surged sharply Thursday as expectations of another U.S. interest rate cut.

Precious metals futures surged, with gold topping $900 an ounce for the first time in a week.

Gold for February delivery jumped $23 to $906.10 an ounce on the New York Mercantile Exchange, after earlier rising as high as $911.10. March silver climbed 33 cents to fetch $16.30 an ounce, while copper added 10.45 cents to $3.1765 a pound.