GFT Currency Research Director Kathy Lien talks with CNNMoney.com

Gold prices settled at a new record high of ,006.50 today

Gold for December delivery rose .60 Friday and settled ahead of the previous record high of ,003.20 that was posted March 18, 2008.

Much of the gains this week have been driven by the U.S. dollar, which has fallen out of favor.

The dollar index, which tracks the greenback against the euro, yen and four other currencies, hit a one-year low this week, hitting 76.511 on Friday.

"This is new significant level for the dollar, said Kathy Lien, director of currency research for Global Forex Trading. "The dollar hasn’t been this weak since September 2008.

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