Wealth and Investing Center

FACTBOX: Gold milestones on the road to record highs

LONDON | Tue Oct 6, 2009 11:11am EDT

LONDON (Reuters) - Spot gold surged to a record high on Tuesday at $1,036.40 per ounce on Tuesday as the dollar weakened, fuelling buying of the precious metal as an alternative investment.

Both spot gold and U.S. gold futures have benefited from a confluence of factors including the dollar's decline, technical buying momentum and worries about potential inflation as central banks struggle to emerge from unprecedented fiscal stimulus measures.

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