NEW YORK (TheStreet ) — Gold prices settled at a record high Thursday as the first quarter wrapped up and investors bought gold as protection as the U.S dollar weakened.

Gold for June delivery jumped $15 to $1,439.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,441 and as low as $1,421.70 while the spot gold price was up more than $13, according to Kitco’s gold index. Gold rose 1.3% for the quarter more than the 0.9% average.

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Originally from TheStreet