NEW YORK, Sept 11 (Reuters) - U.S. gold futures broke above
$1,010 an ounce on Friday, reaching their highest level since
February, as a steadily weakening dollar increased the status
of bullion as an alternative investment.
GOLD
* December gold up $13.80, or 1.4 percent, at
$1,010.60 an ounce at 10:26 a.m. EDT (1426 GMT) on the COMEX
division of the New York Mercantile Exchange.
* Ranged from $996.30 to $1,013.70, which marked the
highest level since Feb. 20.
* The U.S. dollar fell to a one-year low against major
currencies as optimism about the outlook for the global economy
encouraged investors to favor higher yielding currencies and
stocks instead of the safety of the greenback. [USD/]
* Gold continues its steady upward move, helped by
technical buying, stronger euro and crude oil rally - George
Gero, vice president of RBC Capital Markets Global Futures.
* COMEX gold open interest continues to expand, signaling
strong investment demand from funds - Gero.
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