The price of gold forged a record high beyond $US1,065 an ounce on Tuesday as the dollar sank against the euro. In late morning trade on the London Bullion Market, gold struck $US1,065.65 an ounce, the highest level ever recorded. Gold's latest pinnacle was recorded after the European single currency briefly climbed above $US1.48 in earlier foreign exchange trade. A struggling greenback makes the precious metal cheaper for investors holding other currencies, thereby boosting demand, analysts said. Gold has struck a series of all-time highs in recent weeks owing to the weak dollar.

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