Photo Kim Jae-Hwan ... More AFP via Getty Images) That record could be beaten as momentum trading and late arrivals at the gold party edge it to within sight of the once unimaginable $3000/oz.

Gold held its surge to a 13-month high and may test its record price, helped by a falling dollar, increasing haven bets and speculation aggressive monetary tightening in the US is nearing an end.

Spot gold rose 0.5% to $2,458.49 an ounce, while gold futures expiring in December rose 0.9% to $2,502.60 an ounce by 01:18 ET (05:18 GMT). Gold heads for weekly gains; nonfarm payrolls awaited ...

Gold prices are likely to test the record set in 2020 as heightened geopolitical tensions over a Ukraine invasion, runaway global inflation and stock market volatility fanned demand for safe haven ...