Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal.

An ounce of gold for February delivery on the New York Mercantile Exchange jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone. Gold later slipped to $898.70 an ounce on profit-taking but remained in record territory.

“It’s a reflection of market sentiment: Gold is a hedge against uncertainty and right now it’s the best bet,” said Carlos Sanchez, a precious metals analyst at CPM Group in New York. “None of the other investment options look that great and gold does.”

Again, it’s no suprise that when oil prices rise, gold prices rise and the stock market falls. True to form, Wall Street plunged again Friday amid renewed fears that the financial sector’s troubles with bad credit won’t soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which finished down nearly 250 points.

In a war over gas prices, the seemingly petty back-and-forth bickering between two rival gas station owners in Detroit, Michigan ended in tragedy as one of the men shot and killed the other over the lowering of prices by 3 cents.

A fatal bullet to BP station owner Jawad Bazzi’s head was the end result of Bazzi walking across the street with a couple of employees to confront the Marathon owner, Hussah Masboath, and his posse regarding Masboath dropping his price from $2.93 from $2.96 per gallon.

The two groups of Middle Eastern men argued in Arabic, then began throwing punches. One of Bazzi’s employees hit a Marathon employee with a baseball bat, severely injuring him. That’s when the Marathon owner grabbed his handgun and fired three or four times hitting Jawad Bazzi, 45, of Dearborn Heights was shot in the head.

Sgt. Eren Stephens Bell, a spokeswoman for the Detroit police told reporters that the shooter and Marathon owner, Hussah Masboath was taken into police custody. Additionally Bell said that charges had not yet been filed against the alleged gunman.

Following the “Gas War” shooting, Masboath’s Marathon station was closed by law enforcement but the dead man Bazzi’s family and employees took advantage of losing their competition and hiked prices 13 cents per gallon to $3.09.