NEW YORK (AP) — Gold prices are higher for a sixth straight day, rising even as the dollar strengthens.
The December contract is up $4.90 at $1,146.80 an ounce on the New York Mercantile Exchange.
Gold has been on a record-setting climb since early September as investors look for an alternative investment to a falling dollar. Gold is considered a hedge against a weakening greenback because of its stable store of value.
Gold has continued to rise even as the dollar has strengthened in recent days as investors shift back into safe-haven assets and out of riskier investments like stocks and commodities.
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