Gold continues march to $2,000/oz
Gold futures hit another record high of $1,898.60/oz on Monday, despite a recovery on global stock markets following one of the most volatile weeks in trading history.
The precious metal rose by more than 6% last week, the most since February 2009. So far this year bullion has gained roughly a third in value.
Gold's allure as an inflation hedge was boosted by renewed talk that policy-easing initiatives would be unveiled by the US Federal Reserve on Friday at an annual gathering of central bankers. A round of asset purchases that eventually became known as “QE2” were unveiled at the meeting last year.