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TS: Gold hits new high as dollar weakens further
 
Gold prices have risen around 1 percent to hit a new record high of US$1,115.50 (HK$8,700.90) an ounce, as the dollar slipped against a basket of currencies.

Spot gold eased to US$1,113.20 an ounce in London morning trade versus US$1,105.30 an ounce late in New York on Tuesday.

US gold for December delivery touched US$1,116 an ounce and was last up 1.1 percent at US$1,114.5 an ounce on the COMEX division of the New York Mercantile Exchange.

The dollar slid to its lowest level against a basket of currencies in over a year, continuing its recent decline on the view US interest rates will stay low for a protracted period.
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