Gold prices rise again as investor seek safe-haven investments during volatile period

Gold is again a winner as investors seek safety

NEW YORK — Gold is jumping again as investors seek safety amid a plunge in stock prices.

Gold gained 2 percent in regular trading Thursday but continued to rise in after-hours dealings.

Investors flocked to gold and other safe assets like Treasurys and the dollar as the stock market plunged. The Dow Jones industrial average sank nearly 1,000 points as the latest worries about Greece escalated, but regained much of those losses to close down about 350.

The dollar gained about 1 percent against a basket of six other currencies, and Treasury yields dropped sharply as their prices shot higher.

Gold for June delivery $22.30 to settle at $1,197.30 an ounce, and later rose above $1,200 in late trading.