Gold hit record highs on the spot and futures markets on Thursday, marking historic peaks for the third straight session on continued weakness in the dollar.

Spot gold rose as high as $1,050.55 per ounce as of 0118 GMT.

U.S. gold futures were at $1,052.10.

Investors have been flocking to the precious metal due to fears the dollar may weaken further.

(Reporting by Miho Yoshikawa)