NEW YORK (MarketWatch) -- Gold futures rose Friday for a sixth straight session to a new record high, ending the week with their third weekly gain as continued worries over a weaker dollar and global inflation encouraged investors to buy gold as a safe asset.
Gold for December delivery, the most actively traded contract, rose $4.90, or 0.4%, to $1,146.80 an ounce on the Comex division of the New York Mercantile Exchange. The thinly traded November contract also rose 0.4% to $1,146.40, the highest level for a Comex front-month contract.
Gold futures have made significant gains in the second half of this year as investors are worried that as the economy starts recovering, inflation levels will also rise.
