Safe-haven gold snaps record highs, heads for fourth weekly gain


Bullion at Gold Investments Ltd. - file pic

GOLD prices climbed on Friday to hit a historic peak as central bank purchases amid geopolitical tensions sustained the momentum for the yellow metal, while strong U.S. economic data failed to dampen bullion's allure.

Spot gold was up 0.9% at $2,395.56 per ounce, as of 0740 GMT. Bullion hit a record high of 2,398.49 earlier in the session. U.S. gold futures gained 1.7% to $2,413.00.

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