NY gold rallies to 6-year peak on Iraq war jitters

Newswire

NEW YORK, Jan 24 (Reuters) - COMEX gold futures scaled a six-year high Friday morning as fears of looming war in Iraq boosted the safe-haven metal, while the U.S. dollar tumbled and U.S. blue-chip stocks fell, traders said. Benchmark February futures on the New York Mercantile Exchange's COMEX division jumped $4 at 1156 EST to $368.70 an ounce, its highest level since December 1996, trading from $362.80 to $369. Gold, often used as an alternative investment option in troubled times and ...

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