Gold will likely remain in focus this week after climbing to a record high above $2,700 on Friday, with the commodity opening above this closely watched level on Sunday evening. The yellow metal has received a boost in recent trading sessions from escalating tensions in the Middle East,

The price of gold has surpassed yet another price record. Here's why you shouldn't wait any longer to get invested.

Gold futures ( GC=F) touched fresh records, rising as much as 0.8% to hover near highs of $2,750 per ounce. Silver futures ( SI=F) gained more than 3% before paring gains, briefly topping $34 per ounce, the highest level in 12 years.