Commodities boom Gold prices hit an all-time high on Monday, extending last week’s near-3 per cent rise, amid continued investor concern about US dollar weakness.
The surge in bullion prices was mirrored by other precious metals, such as silver, and other commodities, including copper and agriculture raw materials. Spot gold in London surged to an intraday high of $1,170.55 per troy ounce, up nearly 1.8 per cent from Friday’s last quote in New York. The dollar fell close to $1.5 against the euro.
