Gold got an additional boost as sentiment on the state of the U.S. credit market soured slightly, ING analysts Ewa Manthey and Warren Patterson wrote.
The metal hit another record high in early trade, with futures in New York up 1.1% to $4,354 a troy ounce.
Two U.S. regional banks disclosed loan issues tied to alleged fraud, which raised fears about weakening borrower credit, they wrote.
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