Gold futures hit their recent 25yr record, reaching on Wednesday
Gold futures hit their recent 25yr record, reaching on Wednesday their highest level in almost 26 years, but prices gained just over $1 an ounce.
Concern about Iran's nuclear program, weakness in the U.S. dollar and strong oil prices had been raising demand for the precious metal.
June gold futures closed up $1.10 at $668.50 an ounce on the New York Mercantile Exchange, off their early high of $679.80 an ounce.
Prices briefly traded as low as $660 during the session.