Gold hits record above $1,150/oz as dollar falls
LONDON (Reuters) - Gold rose to record highs above $1,150 an ounce on Wednesday as the dollar index languished, boosting interest in the metal as an alternative asset, after largely benign U.S. inflation data. The metal remains firmly underpinned by technical support after several days of gains, and is likely to break through to further fresh highs in coming sessions after a build-up of momentum, analysts said. Spot gold hit a high of $1,150.20 an ounce and was at $1,148.50 an ounce at 1431 GMT, against $1,141.50 late in New York on Tuesday. U.S. gold futures for December delivery on...
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Tags: Dollar Index, Gmt, Gold Futures, Gold Rose, Inflation Data, London Gold, London Reuters, Momentum, Ounce, Oz, Sessions, Spot Gold, Technical Support, U S Gold