Biz Brief: Gold Sets Another Record, Trades Over $1,250

Gold futures continue to climb, trading as high as $1,254.50 an ounce early Tuesday morning. By mid-morning, gold futures were trading at $1,244, up $3.50.

Demand for gold was heavy in overnight trading in Asia and Europe, as concerns over economic instability in the eurozone and its periphery persist. The U.S. dollar, which has been rising along with gold lately, remains strong against the euro, which traded below $1.20.