16
November
Gold hits record on weak dollar, momentum buying
16 November 2009 Reuters
Gold touched a fresh high above $1,130 an ounce in Europe on Monday as momentum from recent gains and a slide in the dollar index sparked fund buying of the precious metal.
Gains in gold boosted interest in other precious metals, with platinum, palladium and rhodium all hitting their strongest in more than a year.
Spot gold reached a peak of $1,132.95 an ounce, and was bid at $1,127.10 an ounce at 1329 GMT, against $1,118.50 late in New York on Friday.
http://www.reuters.com/article/goldMktRpt/idUSLG42977620091116
