Gold futures hit new highs as dollar weakens

17 November 2009  MarketWatch

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Gold futures rose Monday, with the most active contract climbing above $1,140 an ounce, as a drop in the U.S. dollar pulled more investors into the precious metal.

Other metals also rallied, receiving a boost from evidence of economic growth in the U.S. and in Japan.

Gold for December delivery ended up $22.50, or 2%, at $1,139.20 an ounce on the Comex division of the New York Mercantile Exchange. In electronic trading, it rose as high as $1,144.20 an ounce.

http://www.marketwatch.com/story/december-gold-futures-close-in-on-1130-2009-11-15