US gold rallied in early Friday business on flight-to-safety buying from a surge to record oil prices, and declines in both the US dollar and equity markets, traders said. August futures jumped $18.0 or 1.91 percent to $960 an ounce on the Comex division of New York Mercantile Exchange.
August gold's range spanned $942.60 to $969.10 which was last seen on March 19. Gold rallied with crude oil, which jumped to a record above $147 a barrel on fear of supply disruptions. Spot gold was up at $958.30/959.30 by 11:40 am EDT (1540 GMT) from $944.10/445.30 by 14:42 am EDT (1842 GMT) on Thursday.September silver surged 50 cents to $18.82 an ounce. Comex silver hit a March 19 high at $18.98 up from the low at $18.3250. Spot silver advanced to $18.70/18.77 at 11:42 am EDT (1542 GMT) from $18.28/18.33 an ounce late on Thursday.
October platinum added $38.50 to $2,036.90 an ounce. The session high was $2.058.0. Spot platinum firmed to $2,019.50/2,039.50 in early New York dealings. September palladium was even at $452 an ounce. Spot palladium stood even at $445/453.
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