Spot gold was firm on Monday after hitting record highs for six consecutive days on continued expectations of more monetary policy easing by the US Federal Reserve and related dollar weakness. Spot gold gained 0.3 percent at $1,319.05 an ounce by 0613 GMT, below the record high of $1,320.80 on Friday.
-- Silver hit fresh 30-year high
The dollar surged versus yen due to short-covering on Monday, but remained near its lowest level in eight months against a basket of currencies. "The key driver behind gold is still the dollar. If the dollar extends losses, it can drive investors to seek out gold as a currency alternative," said Ong Yi Ling, an analyst at Phillip Futures. Spot silver rose to a fresh 30-year high of $22.18 an ounce earlier, before easing to $22.13. Silver rose 31 percent so far this year, outperforming gold's 20 percent ascent.
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