Gold prices rose in early trading on Friday after a strong sell-off in the past few weeks, with the greenback climbing to a fresh seven-week high.
The benchmark price for the greenbacks traded up to $1,275 an ounce, beating a $1.2 billion record set on Tuesday.
The rally comes amid heightened global tensions over the North Korean nuclear crisis, amid fears of a possible economic collapse and rising tensions with China.
Investors had been buying gold for a return to profit, and traders are also eyeing a more favorable outlook in the coming months with an improved US economy.
The market has seen a sharp rise in gold prices over the past year, and in December, the metal rallied nearly 30% in just three days.
