Gold Prices Explode by over $60 an Ounce

Jittery investors pulled their money out of equities and again poured into gold and other commodities as the U.S. dollar fell in price and financial companies continue to flirt with bankruptcy and failure.

December delivery for goal surged by 8.25 percent, rising to $64.50, reaching $845 an ounce on the NYMEX.

Silver prices also increased significantly for the day. The December contract moved up by 88.8 cents to $11.405 an ounce.