As the US Dollar continues to weaken, the precious metal is expected to continue to climb.
Gold prices rallied to record highs for a third successive session in Europe on Thursday, as persistent weakness in the dollar fuelled fund buying of the metal as an alternative.
Gold’s gains lifted other precious metals, with silver reaching its strongest level since July 2008 and palladium hitting a 13-month peak.
Spot gold (GC-FT1,046.402.000.19%) rose to $1,053.30 an ounce at 11:27 GMT against $1,043.70 late in New York on Wednesday. Earlier it touched a record high of $1,058.20 an ounce.
The following is not a graph of the spot price of Gold, but rather the Gold Fix price
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Alfonso Esparza