GOLD has surged to a record high of over $1040 per ounce.
GOLD has surged to a record high of over $1040 per ounce.
Buying was fuelled by dollar weakness after a report, later denied, that Gulf Arab states were considering abandoning the US currency for oil trade. Both spot gold prices and US gold futures benefited from the dollar's decline, technical buying momentum and worries about potential inflation. - Reuters