Gold strides onto record turf again

Gold rallied to a intraday record Tuesday as the dollar slid to a 14-month low and investors remained concerned about the threat of inflation.

December gold was up $6.30 to $1,063 an ounce after climbing to a high of $1,069.70 earlier in the session. That topped the previous intraday record of $1,062.70 an ounce on Oct. 8.

Gold has been on a record-breaking run since prices rose firmly above $1,000 an ounce last month. Many analysts expect the rally to continue into next year.

Read Full Article from CNNMoney.com

- Posted: 2009-10-13 14:08:24

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