Gold Prices Rose above $1,000

Gold prices rose above $1,000 per ounce, its highest since March 2008, on Tuesday, according to various news reports.

The gold contract for December delivery traded up $6.50, or 0.7 percent, at $1,003.20 per troy ounce on the New York Mercantile Exchange. It had gone as high as $1,009.70; that is the highest since it hit a record of $1,033.90 on March 17 last year.