Gold hits new high as Vietnam mulls gold imports

7 October 2010  National Inflation Association

National Inflation Association

 Spot gold hit an all-time peak for a third straight trading session, rising above $1,355 on Thursday on a weak dollar and after Vietnam said it may allow gold imports if prices keep rising.

Spot gold hit record highs in three consecutive sessions, with the latest at $1,355.55. It eased to $1,354.45 by 0558 GMT (1:58 a.m. EDT).

U.S. gold futures for December delivery hit a fresh record high at $1,356 an ounce, before easing slightly to $1,355.7.

http://www.reuters.com/article/idUSTRE67F05920101007