Alix Steel
The Street
June 18, 2010

  • A d v e r t i s e m e n t
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Gold prices hit a new record high Friday as investors fled into gold as a safe-haven asset.

Gold for August delivery was popping $12.70 to $1,261.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,262 and as low as $1,243.10. The U.S. dollar index was slipping 0.07% to $85.62 while the euro rose slightly to $1.238 versus the dollar. The spot gold price Friday was adding more than $14, according to Kitco’s gold index.

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