The price of gold hit a new record on Thursday close to the symbolic $1 000per ounce level as the precious metal was boosted again by the weak dollar, traders said.
On the London Bullion Market, the price of gold jumped as high as $991,68 per ounce, beating Wednesday’s record high of $991,47.
This week, gold prices have move sharply higher on the back of the plunging dollar, which tumbled to a fresh low against the European single currency on Thursday.
The metal also gets support because it is regarded as a safe investment in times of economic uncertainty and rising inflation. — AFP