Gold hits record high in sterling, euro terms

LONDON Wed Dec 2, 2009 3:30am EST

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LONDON (Reuters) - Gold hit record highs in euro and sterling terms on Wednesday after a wave of central bank and fund buying on the back of fears over the dollar outlook boosted interest in the precious metal as an investment vehicle.

Euro-priced gold hit a high of 805.25 euros an ounce, while bullion priced in sterling reached a peak of 732.38 pounds an ounce, according to Reuters data.

Spot gold earlier touched a record high of $1,215.45 an ounce, against $1,196.00 late in New York on Tuesday.

(Reporting by Jan Harvey; editing by James Jukwey)

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