Gold soars on dollar&#39;s record drop
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The US dollar fell to a record low Monday, and gold soared to a 16-year high as both commodities reflected growing anxiety over the United States&#39; policies.
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Gold shrugged off a tumbling U.S. dollar and fell more than 1 percent on Monday as investors cashed in on the metal's rally to its highest in nearly three decades last week.
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Precious metals prices soared Monday, with gold and platinum hitting fresh highs on a falling U.S. dollar and supply concerns fed by a fourth day of mine stoppages in South Africa.
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Commodities rise to record levels on demand, dollar depreciation.
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The euro surged to a new high against the US dollar for the fourth straight day Friday, although the greenback rose off its low point.
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Spot gold hit a record high at $855.10 an ounce on Wednesday in buying fuelled by a struggling dollar, surging oil and simmering geo-political tensions, traders said.
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The price of gold hits another record high, touching $899.90 an ounce, as  investors seek havens.
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THE Australian dollar was trading stronger today as news of a takeover bid for Australian mining company WMC Resources supported the currency during morning trading.
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Gold surged to a historic high above $910 an ounce, as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
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Gold surged to a historic high above $910 an ounce on Monday as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
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Gold hit its latest record on Monday, approaching $900 an ounce as investors sought protection against a potential U.S. recession and a weaker dollar, with Asian stocks steadying after recent sharp losses.
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Gold punched right through $640 on Thursday afternoon to a 16-week high as the dollar fell further against major currencies, attracting fund buying.
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Gold hit its highest level in more than 16 years on Tuesday as a steadier dollar failed to cool worries over the currency's outlook, while Asian stocks gained modestly after a solid performance on Wall Street.
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The dollar hit a record low against  the euro Thursday as traders bet officials would not act to  stop its slide, sending gold to a fresh 16-year peak and  hurting Japanese stocks as a stronger yen weighed on exporters.
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Gold surged to a historic high above $910 an ounce, as investors rushed in to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates, analysts said.
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The US dollar continues its record-breaking slide, and analysts predict further falls to come.
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The dollar dropped to a new record in European morning trading against the euro, which rose to $1.3379 despite the threat of international intervention to stop the US curreny&#39;s slide.