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Gold rallies to another record high

interns Contributor

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.

Gold hits record $1,300

Full story: Gold rallies to another record high – Sep. 28, 2010