US gold futures reached $1,134.90 an ounce Monday as a weak dollar encouraged risk taking for asset classes. This is a 1.4% gain and a record high for gold. Silver and platinum also reached new heights.
The weakened dollar, encouraged by Japan’s rising GDP and news from China regarding the dollar/yuan relation has increased the willingness of investor’s to take risks. Gold’s position has been solidified for the time being and there appears to be no reason to anticipate that position to change for the time being.
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