Gold hits a new high as investors seek safety

Gold reached new heights Friday, soaring as high as $1,881 an ounce, as investors anxious about the uncertain global economy snapped up the precious metal.
 
Stock markets in Europe and Asia continued a slide that began Thursday on disappointing economic news and worries about the strength of European banks.
 
U.S. stock futures are down as well.
 
In morning trading gold was up $43, or 2.3 percent, at $1,864.60 an ounce.