July 29 (Bloomberg) -- Gold futures for December delivery rose $8.80, or 0.5 percent, to $1,625 an ounce at 8:39 a.m. on the Comex in New York. Earlier, the price reached $1,627.50. The metal climbed to a record $1,631.20 on July 27.

To contact the editor responsible for this story: Patrick McKiernan at pmckiernan@bloomberg.net