This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/8373769.stm

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Gold hits high on dollar weakness Weak dollar boosts gold and oil
(about 8 hours later)
The price of gold has hit a new all-time high, boosted by continued concerns about the weakening dollar.The price of gold has hit a new all-time high, boosted by continued concerns about the weakening dollar.
Gold hit a record of $1,167.35 an ounce, up by about $15 from Friday's closing prices. Gold hit a record of $1,174 an ounce, up almost 2% from Friday's close.
The expectation that US interest rates will remain low has put pressure on the dollar, making gold more attractive as an investment. The expectation that US interest rates will remain low has put pressure on the dollar, making both gold and oil more attractive as an investment.
And the price of US light crude oil was up $2.10 to $79.57 a barrel. The weaker dollar also makes oil cheaper to buy for holders of other currencies.
London Brent crude had rise $2.05 to $79.25.
'Increasingly attractive'
Growing demand from emerging markets, particularly in Asia, is also helping to drive the price of gold higher.Growing demand from emerging markets, particularly in Asia, is also helping to drive the price of gold higher.
Emerging market governments are looking to diversify their foreign exchange holdings and are buying gold as a result.Emerging market governments are looking to diversify their foreign exchange holdings and are buying gold as a result.
"Sentiment is very upbeat and gold is looking increasingly attractive," said Stefan Graber at Credit Suisse."Sentiment is very upbeat and gold is looking increasingly attractive," said Stefan Graber at Credit Suisse.
Analysts expect the price of gold to continue rising.Analysts expect the price of gold to continue rising.
"It looks like $1,200 will be seen much sooner than expected," said Afshin Nabavi at gold bullion refiner MKS Finance."It looks like $1,200 will be seen much sooner than expected," said Afshin Nabavi at gold bullion refiner MKS Finance.