The gold price has risen above $1,500 an ounce for the first time after concerns about global economic recovery lifted the metal's appeal as a haven.
In Hong Kong trade, gold hit a record $1,500.70 an ounce, which traders said was mainly due to Standard & Poor's downgrade of its outlook on US debt.
Silver also touched a 31-year high of $44.34 an ounce. "In a word, sensational. Everything's feeding into this, sovereign debt, weak dollar, inflation," said one analyst.
But analysts were divided about whether the price could go higher and are waiting to see if trading in Europe and the US continues the momentum seen in Asia.
http://www.bbc.co.uk/news/business-13139996
