Gold surging to new High!

Gold surged to a new record and silver struck a new 2-½ year high on Friday on investor concerns over global economic prospects, while a weak dollar helped boost sentiment.
Spot gold hit a high of $1,280.1 an ounce, before easing to $1,279.2 by 0600 GMT, on course for a 2.9-percent rise from a week earlier, the sharpest in more than 3 months.
"Uncertain economic prospects, especially in the U.S., have helped gold continue to hit record highs," said Hou Xinqiang, an analyst at Jinrui Futures in China. "Even though prices have gone higher, bullish sentiment in the market is still intensifying."