DY: Gold jumps to fresh record high as dollar slides
The price of gold has surged to a new all-time high as concerns over the outlook of the global economy have renewed investors' interest in the precious metal.
The commodity was trading at $1,275.95 a troy ounce on Thursday, driven by a weaker US dollar and growing demand by savers who see it as a safe haven investment amid an uncertain economic environment.
Gold's price rally comes two days after it struck an all-time high $1,274.95 on Tuesday, breaking its previous high of $1,265, reached in late July.
