Gold powered to another record on Monday as the falling US dollar and bleak macroeconomic data spurred buying from investors seeking a safe haven.
Cash gold hit a high of $1,103.05 an ounce, surpassing Friday's lifetime high of $1,100.90, with US December gold futures rising as high as $1,103.7 an ounce, to another lifetime high.
Gold has gained more than 25 per cent in 2009, driven by persistent weakness in the US currency, and recently by the failure of a meeting of financial officials of the Group of 20 nations to discuss the dollar's decline more specifically.
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