Gold hit a 2010 high above $1,180 per ounce on Friday, with a gain of 1%, as a widening Euro zone sovereign debt catastrophe impelled investors to purchase the yellow metal in a bid to be on the safer side.

The valuable metal has rallied approximately 6% in April, which is its biggest one-month increase since the month of November, as credit ratings reduces of Greece, Spain and Portugal that let loose a sign of risk aversion, directing money into gold.

Michael Daly, Gold Specialist at Futures Broker opined that gold is always a better option for the investors to invest their money in.

With European crisis, it is always a danger to carry on in that region. Gold has secured its place in the market and it is a flight to safety.

Gold reached a high of $1,181.05 per ounce on Friday, which is the firmest since December 4. It was at $1,178.55 per ounce at 2:27 p. m. EDT.

U. S. June gold futures settled up at $11.90, or 1%, at $1,180.70 per ounce on the COMEX division of the NYMEX.