Gold hits record high at $1,216.75 an ounce
Gold hit record high at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions due to expectations of a fresh leg of dollar weakness and more central bank buying.
Gold rose towards $1,185 an ounce on Thursday and held near record highs in euro terms on fears Greece's debt issues may spread, with cautious comments from the European Central Bank doing little to temper risk aversion.