Angela Balakrishnan

Gold surged above $910 on Monday, setting another historic high as the continuing slide in the dollar and expectations of sharp interest rate cuts by the Federal Reserve prompted investors to snap up the metal. Spot gold leapt to an all-time high of $914 an ounce, charging past the record of $900,10 set at the end of last week, before settling lower in later trading.

Oil surged to another record high this week, passing the $93-a-barrel mark after Mexico briefly halted one-fifth of its production and the dollar dropped. Analysts are expecting oil to hit $100 in the near future if the price rises continue as strongly as they have in recent days.