Gold price rises over $1,000
Gold prices rose above $1,000 per ounce on Tuesday to its highest since March 2008 -- suggesting investors are wary of the US dollar's weakness and expect international interest rates to remain low for some time.
Gold prices rose 1.5 per cent on Tuesday on the weaker US dollar, with investors keeping a close eye on the currency ahead of the US presidential election result and expected central bank interest rate cuts this week.