Gold rose to a record high of $1,264.90 an ounce in Europe on Monday, as a slip in the dollar added impetus to the metal’s existing rally on the back of rising concerns over financial and sovereign risk.

The price of gold broke another record Friday morning as the intraday price reached as high as $1,260.90 an ounce.

Gold prices climbed to a new record high Tuesday as Europe's debt troubles sparked demand for perceived safe havens, like the precious metal, and investors hedged against inflation.

The price of gold is set to reach $1,350 an ounce before the end of 2010, most likely between July and September.

The first Route 66 Gold Miners Treasure Hunt will be Saturday, June 5 at Rancho Jurupa Regional Park in Riverside, California.

As economic fears drive gold prices to new highs, the creator of a gold-dispensing ATM is attracting attention around the globe.

Gold continued its record-breaking climb in global markets Wednesday after settling at an all-time high during volatile trading the day before.

Gold spot price hovered around the $1,200 an ounce mark on Friday after news of the U.S. jobs report was issued, and a holding pattern emerged among gold traders trying to interpret the impact of a plethora of global economic developments.

Gold climbed to a fresh five-month high Monday as the European debt crisis continued to pressure the euro and drive investors to the U.S. dollar.

Gold climbed on Friday to the highest price since December as potential losses in credit markets spurred demand for the precious metal as an alternative to holding currencies.