23
November
Gold hits fresh high, as Dec. contract tops $1,160
23 November 2009 MarketWatch
Gold futures rallied to a new high on Monday, as dollar weakness as well as escalating tensions between Iran and the west boosted gold's appeal as a safe-haven asset and a hedge against inflation.
The precious metal is extending its winning streak into a seventh session.
Gold for December delivery, the most actively traded contract, climbed as high as $1,167.80 an ounce on Globex.
The contract was last up $19.40, or 1.7%, to $1,166.20 an ounce.
http://www.marketwatch.com/story/gold-hits-fresh-high-as-dec-contract-tops-1160-2009-11-22
