Financial Times FT.com

Dollar relapse pushes gold to new peak

By Jamie Chisholm, Global Markets Commentator

Published: November 16 2009 07:16 | Last updated: November 17 2009 06:05

20:30 GMT. The price of gold hit another record on Monday as the dollar resumed its downward trend, helping global equities to fresh highs for 2009.

Asian and European bourses started the week in generally fine fettle and Wall Street joined the trend, with the S&P 500 claiming another peak for the year, closing above 1,100. The MSCI all-country World index jumped 1.6 per cent to its best level in 13 months, according to Reuters data.

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