Gold sets record high amid investor worries about economy, weaker dollar

Gold sets another record on economic worries

Gold is at a record high amid persistent signs of sluggish economic growth and a weaker dollar.

Gold for December delivery settled at a record $1,273.80 an ounce Thursday. Some analysts believe the price could top $1,300 an ounce.

Investors worry about the recovery as more government reports signal modest growth. That often prompts them to put their money in safer assets like gold.

In addition, the dollar is weaker against other currencies. That can make commodities priced in dollars more attractive for foreign investors.