Gold smashed through the $900 level Monday, leading a rally for precious metals, while corn and wheat prices rose by daily trading limits, continuing the positive tone set by Friday’s market update from the US Department of Agriculture.

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Javier Blas on gold’s surge towards $1,000

Gold rose 1.4 per cent to $907.80 a troy ounce after setting a record $914 earlier in the session, helped by renewed dollar weakness and haven buying.