Gold continued its record-breaking climb, reaching a new high of $1,300 an ounce.
Gold for December hit $1,300 an ounce on Globex, then slipped to $1,299.40 an ounce, a 0.2% increase from Thursday's closing price, according to MarketWatch.
"Diversification and physical demand will continue to provide upside momentum," said James Moore, an analyst at TheBullionDesk.com, in a research note.
Gold surged earlier in the week after Federal Reserve Chairman Ben Bernanke indicated that the Fed was willing to provide extra monetary stimulus to boost the U.S. economy. Markets took this as a signal that the dollar would weaken, making gold a more attractive investment.
