Gold hits record above $1,165/oz

DATE: 23 Nov 2009
Gold bars are pictured at the Ginza Tanaka store in Tokyo October 23, 2009. REUTERS/Issei Kato

Gold prices hit record highs at $1,166.45 an ounce in Europe on Monday as dollar weakness fuelled momentum buying of the precious metal.

Spot gold was bid at $1,166.25 an ounce by 7:23 a.m., against $1,148.20 late in New York on Friday.

(Reporting by Jan Harvey; Editing by James Jukwey)

LONDON (Reuters)

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