Gold continues to hit record highs
The price of gold continued to hit record highs Wednesday while the US dollar remained in its downward trajectory as investors bought dollar-denominated assets and sold the greenback in the wake of comments by Federal Reserve officials, Dow Jones Newswires reported.
Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.