Spot gold hit a record high above $1,260 an ounce on Friday as demand for bullion as a haven from sovereign and financial risk pushed the metal through technical resistance.
Spot gold hit a high of $1,260.20 an ounce and was bid at $1,258.85 an ounce at 1447 GMT, against $1,243.40 late on Thursday. U.S. gold futures for August delivery also hit a record $1,262.00, and were later up $12.00 at $1,260.60.
(Reporting by Maytaal Angel. Editing by William Hardy)
(For more business news on Reuters India click http://in.reuters.com)