Gold prices hit a new record high on Friday, rising by $1,400 per ounce, a day after the metal hit a fresh record high of $1.2839 per ounce.
The gold price surged after the Federal Reserve announced its policy of tightening monetary policy in hopes of helping the economy through a weak global economy.
Gold prices have risen by more than 90 percent since June 2016.
Gold rose as much as $4,000 in early trading, according to Bloomberg data.
The price is up by more that $900 on the day, according the Bloomberg Terminal.
The dollar index was up 0.2 percent, but fell to a two-week low of 96.05 yen.
The euro was up 1.2 cents to $1:4.12.
The Japanese yen fell 0.4 percent to 119.9 yen.
U.S. stocks rose on Friday by an annualized rate of 1.5 percent.
Gold futures rose by 2.7 percent, with the benchmark gold price at $1.,440.93 an ounce.
Treasuries were up 0 .7 percent to yield 0.6 percent.
The Dow Jones industrial average closed up 3.3 points, or 0.8 percent, at 17,567.30.
The S&P 500 gained 0.7 points, to 2,967.93.
The Nasdaq composite added 0.1 percent, to 4,726.19.
The Russell 2000 index of 100 companies rose 0.5 points, finishing at 6,811.65.
The benchmark 10-year Treasury note advanced 1/32 of a percentage point, or 2.9 percent, while the 10-yr Treasury note rose 0/32, or 1.6%.
The MSCI world equity index rose 0 .8 percent.
Russell 2000 stocks advanced 1 percent, outperforming the S&s average.
The M& ;P 500 added 0 percent.