gold.jpg(AP)-Gold and other commodity prices are surging on building speculation that the Federal Reserve may try to pump more life into the struggling economy.


Gold rose 2 percent Friday to finish at $1,740.50 per ounce.

Traders are anticipating additional Fed action to promote economic growth after the government issued a weak jobs report for August on Friday. The central bank is expected to consider a number of options at its meeting next week, including a bond-buying program.

That's attracting traders to commodities which benefited from previous Fed bond purchases. Those programs pressured the dollar. Commodities are priced in dollars so a weaker dollar makes them a bargain for traders who use other currencies.

In other trading, prices are higher for copper, oil and wheat. Natural gas and soybeans are lower.