NEW YORK (AP) — Gold has hit another record, while silver and copper reached their highest levels in more than a year as investors continue to move out of dollars.
Gold for December delivery reached $1,151.20 before settling at $1,141.20 an ounce, up $1.80 from Tuesday's close. The precious metal has hit a new high 14 times within the last two months.
Gold has been one of the biggest beneficiaries of the decline in the dollar this year as investors seek riskier and potentially higher-yielding assets. Record-low U.S. interest rates have pushed the dollar lower against other currencies.
Silver has jumped to its highest point since July 2008, while copper futures have risen to a 14-month high.
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