Gold Price Extends Early Gains on Safe-Haven Demand, Short Covering

New York (Aug 28)  Gold prices are posting good gains and trading near the session high in late-morning dealings Friday. Safe-haven demand and short covering heading into the weekend are featured. Traders and investors are still a bit worried about what next week will bring for the market place, after this week's tumult. U.S. stock indexes are seeing some modest selling pressure Friday morning, which is a positive for the gold market. December Come gold futures were last up $14.10 an ounce at $1,136.60.

Spot silver rises 14 cents to $14.67, while platinum surges nearly $17 to $1026 and palladium jumps $8 to $585.

Source: KitcoNews