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Gold has broken through the $900 per ounce barrier to start the week at $908. A weak US dollar continues to be the main driver, with speculation over a 0.5% US interest rate cut. Investment boutique Fairfax said the latest record price was influenced by the start of gold futures trading last week in Shanghai, which will allow gold producers to secure hedge agreements. Fairfax said precious metal prices could continue to rise. Silver is now trading at $16.56 per ounce – around 25% up on the past six months. Platinum also edged ahead to $1,577 per ounce. Copper now trades at $7,355 per tonne, helping to recover an 8% price drop since mid 2007.

by: Dan Coatsworth