21:25 GMT. Gold powered to another high on Monday and stockmarkets challenged their best levels of the year after a sharp move lower in the dollar prompted traders to pile wholesale into riskier assets.
With the greenback threatening to break through the bottom of its recent tight trading range, investors pushed the precious metal to a fresh peak of $1,173.50. It was later up 1.6 per cent at $1,165. Raised tensions between Iran and the west over the latter’s nuclear programme were also seen encouraging traders to buy bullion.
