Gold Rises Some more!

Gold rose again--above $1,120 an ounce to a fresh record high on Thursday, the U.S. dollar hovered near 15-month lows while shares weakened, particularly in emerging markets. Gold prices pushed to the record high in part because of dollar weakness. A weak U.S. currency makes metals priced in dollars less expensive for holders of other currencies. This trend is expected to continue if questions relating to the true nature of US recovery abounds.