Commodities: Gold hits record highs again
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Gold hit record highs again on Monday on expectations of US interest rate cuts, while the continuing problems in mining production in South Africa also impacted prices.
Analysts are predicting that the Federal Reserve will follow up last week's emergency rate cut with another aggressive reduction later on this week.
The continuing power shortage problems faced by mining firms in South Africa have also helped gold rise $16.40 to $927.10 an ounce.
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Platinum prices have surged due to the problems as South Africa supplies around 75% of the global platinum demand.
Crude prices rose slightly having slipped below $90 a barrel in intra-day trading. It eventually settled up 28 cents to $90.99 a barrel.
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