GOLD leapt to a new record high of $1282,97/oz on Friday, driven higher by a weaker dollar, fear of slowing economic growth and investors seeking a safe haven from volatile markets.
Gold is on track for its 10th annual record and many analysts have forecast that prices will continue climb, with $1300/oz seen as the next major milestone.
Gold’s gains came as the dollar retreated further against the euro, reaching new one-month lows of $1,3148, driving up commodity prices.
The metal’s rise has also been supported by central banks and governments maintaining low borrowing costs and spending trillions of dollars to stimulate economies.
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