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.
The expectation that US interest rates will remain low has put pressure on the dollar, making gold more attractive as an investment.
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 CLICK HERE TO Continue reading Gold hits new record high on weakening dollar
The price of gold has touched an all-time high after a large sale of the precious commodity by the International Monetary Fund (IMF) to India.