Gold spikes to near-term high near $1,000

Apparently all it took for gold to push through near-term resistance levels was a 2-day pullback in equities and concern over the pending data on non-farm payrolls due out Friday (September 4) morning. After hitting an intraday high of $992.55 during trade in New York Thursday, the spot rate for an ounce of gold dipped back to just below $990. The spike was significant given the $976 per ounce late day price point in New York on Wednesday. It also marks the highest level for the shiny precious metal ...