Euro-priced gold extended earlier gains to hit a record high 816.35 euros an ounce on Tuesday, as investors spooked by fears over the fiscal health of peripheral euro zone economies bought the metal as a haven from risk.
Gold denominated in euros was bid at 815.82 euros an ounce at 0948 GMT, against 809.01 euros an ounce late on Monday. Its earlier peak beat a previous record high of 812.43 euros an ounce set in December.
Dollar-priced spot gold also rose to $1,113.20 an ounce versus $1,100.05. Gold typically has a close inverse relationship with the dollar, rising as the U.S. currency falls versus others. (more)