Gold hits record above $1,170/oz as dollar slides
Gold hits record above $1,170/oz as dollar slides By Jan Harvey 42 mins ago LONDON (Reuters) – Gold hit a record high at $1,170.55 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month. Spot gold was bid at $1,168.90 an ounce at 8:14 a.m. EST (1418 GMT), against $1,148.20 late in New York on Friday. U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange rose $22.50 to $1,169.30 an ounce. "Gold has a lot of...
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Tags: Bid, Comex, Dollar Weakness, Gmt, Gold Futures, London Gold, London Reuters, Momentum, New York Mercantile, New York Mercantile Exchange, Ounce, Oz, Resistance Levels, Sharp Run, Slides, Spot Gold, Technical Resistance, U S Gold, X96, York Mercantile Exchange