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http://au.news.yahoo.com/thewest/business/a/-/business/8284448/gold-continues-record-breaking-run/

Gold continues record-breaking run

......"The resurfacing of inflationary concerns in the medium term has boosted interest in the precious metals and the strength in the dollar was sidelined," said Suki Cooper, an analyst at Barclays Capital.

Gold is seen as a safe haven in times of inflation.

Bullion normally moves inversely to the dollar, which fell to a nine-month low versus the euro last week.

Silver was also boosted, reaching a new 30-year high of $US27.64 an ounce.

Earlier Monday, World Bank president Robert Zoellick called on bickering G20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.

Ahead of a Group of 20 summit this week in Seoul, Zoellick said an updated gold standard could help retool the world economy at a time of serious tensions over currencies and US monetary policy.....