2
December
Gold price hits record high above 1,215 dollars
2 December 2009 AFP
Gold struck a record price above 1,217 dollars on Wednesday as the US currency weakened, cementing the precious metal's surge over the past year as nervy investors seek safe-haven investments.
Gold hit 1,217.23 dollars on the London Bullion Market one day after breaking through the 1,200-dollar barrier for the first time.
After reaching a new high on Wednesday, gold pulled back slightly to trade at 1,207.82 dollars at 1122 GMT.
Gold has smashed record after record over recent days and weeks on the back of inflationary fears and increasing moves by central banks to diversify assets away from the dollar, which has weakened against the European single currency.
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