Spot gold gained 1.3% to $2,320.04 per ounce, as of 10:57 a.m. EDT, after hitting a record high of $2,324.79 earlier in the session. Bullion has risen 3.8% so far this week and is headed for a third straight weekly gain. U.S. gold futures edged 1.4% higher to $2,339.70.