US gold futures ended nearly 4 percent higher on Thursday, posting their biggest one-day absolute gain since March 1985 as funds pour into commodities as the stock market tumbles after oil surges to a record.
GOLD: August contracton COMEX division of New York Mercantile Exchange up $32.80, or 3.7 percent, at $915.10 an ounce. In percentage terms, Thursday's rally was the biggest one-day increase for a COMEX gold contract on a front-month delivery basis since June 30, 2006, when it had surged 4.6 percent. August futures ranged from $886.60 to $918.00 - a one-month peak.
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