This content is not available in your region

Gold still glittering

Gold still glittering
Text size Aa Aa

Gold prices continue to rise, hitting record highs on the spot and futures markets at one stage rising above $1,048 an ounce.

Traders said there had been fresh investment in the precious metal because the dollar had fallen against a basket of major currencies Bullion prices later fell back a bit as the dollar stabilised and global stocks slipped. The price of gold is up nearly 20 percent so far this year in response to the weak dollar and as a hedge against future inflation.