Gold hits record highs on weak dollar

Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong in this April 21, 2011 illustration photo.

Credit: Reuters/Bobby Yip

SINGAPORE | Sun Apr 24, 2011 8:00pm EDT

SINGAPORE – Spot gold rose to a record of $1,513.70 an ounce on Monday, extending the record-breaking rally to the seventh consecutive session, as the dollar languished near its three-year low.

U.S. gold futures also hit a record high, at $1,514.50 an ounce.

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