Thursday, November 12, 2009

Gold hits record high above $1120





Gold hit a fresh record high above $1,121 an ounce as investors continued to buy the precious metal as a hedge against the dollar's weakness.

Spot gold XAU= rose as high as $1,120.30 an ounce, a new all-time high, compared with New York's notional close of $1,117.45.

U.S. gold futures for December delivery GCZ9 were at $1,120.40 an ounce, after hitting a fresh record at $1,120.70.