Gold Hits Record Near $1,120/oz, Dow at 13-Month High

Gold futures soared to a fresh record high in New York on Wednesday, marking an eighth day of consecutive gains. Prices neared $1,120 an ounce with reports citing increased interest in the yellow metal by central banks and speculation the US dollar would weaken futher over time. Silver and platinum enjoyed positive gains following losses on Tuesday. In other markets, crude oil advanced and US stocks posted gains, with the Dow closing at a 13-month high.

New York precious metal figures follow:

• Silver for December delivery jumped 31.5 cents, or 1.8 percent, to $17.537 an ounce. It ranged from $17.330 to $17.725.

• Gold for December delivery rose $12.10, or 1.1 percent to $1,114.60 an ounce. It ranged from $1105.60 to $1119.10 — an all-time high.

• January platinum advanced $18.40, or 1.4 percent, to $1,369.90 an ounce.

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