Gold rallies to another record high

Gold prices continued to push higher Tuesday, reaching another record high, amid ongoing concerns about the economy.

Gold futures for December delivery rose $9.70 to settle at $1,308.30 an ounce, topping Monday’s all-time closing high of $1,298.60 an ounce.

The metal has hit a series of record highs in recent weeks, including a new all-time trading high of $1,311 an ounce earlier Tuesday.

Gold is up 4.7% over the last month, and has gained more than 30% so far this year.