Gold breaks through $1,300 an ounce

NEW YORK ( -- Gold futures for December delivery hit a record trading high of $1,301.30 an ounce Friday morning. Investors are running to the precious metal as jitters about the recovery and currency market volatility increase.

After reaching the intraday peak, futures slightly backed off but continue to hover close to the $1,299.90 mark, up $3.60. Gold's last record high was reached on Sept. 22, when the metal hit a peak of $1,298 an ounce.
Varun Kumar Tiwari