Spot gold gained 1.3% to $2,320.04 per ounce, as of 10:57 a.m. EDT, after hitting a record high of $2,324.79 earlier in the session. Bullion has risen 3.8% so far this week and is headed for a third straight weekly gain. U.S. gold futures edged 1.4% higher to $2,339.70.
Gold prices climbed on Friday to
hit a fresh record high, as multiple factors including U.S.
interest rate cut bets, speculative buying and central bank
purchases kept bullion s record rally active.