Gold prices hit new record highs on Thursday, fuelled by dollar weakness as hopes of more monetary easing by the US Federal Reserve continued to run high, aided by Singapore's move to let its currency appreciate. Silver rose to a fresh 30-year top at $24.38 an ounce, and palladium hit $603, its highest in more than nine years, as the sinking dollar unleashed a broad rally in commodities.
Spot gold rose to an all-time high around $1,380 an ounce and was at $1,379.90 by 0036 GMT, up $9 from New York's notional close. US gold futures for December delivery also hit a new record high around $1,381 an ounce.
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