Gold prices continue their ascension, with the front-month contract setting yet another record-high, closing up 0.4% to $2,669.90 an ounce. It's the seventh consecutive day that gold has finished higher, closing at record highs for six of those sessions.

Fear of gold overextending itself appear minimal, as interest rate cuts have materialized with more expected to come. "We see no reason to sell gold here and the Fed's projected rate path is supportive," says David Aspell of Mount Lucas Management. SPDR Gold shares are also up in record territory, trading up 0.6%.

Source : Dow Jones Newswires