Gold futures rose Wednesday, soaring to a new record high as the dollar fell and investors sought the metal on expectations of further monetary easing. Gold for December delivery, the most active contract, added $2, or 0.2 percent, to $1,310.30 an ounce on the Comex division of the New York Mercantile Exchange. Silver closed at a fresh 30-year high, with the December contract rallying 24 cents, or 1.1 percent, to $21.95 an ounce. The most-actively traded gold contract, for December delivery, rose $2, or 0.2 percent, to settle at $1,310.30 a troy ounce on the Comex division of the New York Mercantile Exchange, marking the metal's 10th record settlement in the last 12 sessions. The contract hit a record intraday high of $1,314.80 in electronic activity overnight. The dollar hit another five-month low against the euro on Wednesday because of concerns that the Federal Reserve might take further action to boost the economy that would weigh on the dollar. The euro rose to as high as $1.3647 Wednesday, its strongest point since mid-April. In late trading in New York, the euro was worth $1.3643, up from $1.3567 late Tuesday. In other trading Wednesday, the dollar was almost flat at 83.62 Japanese yen from 83.93 Japanese yen, while the British pound was nearly unchanged at $1.5795 from $1.5793. The dollar edged down to 1.0305 Canadian dollars from 1.0311 Canadian dollars. It was almost unchanged at 0.9768 Swiss francs from 0.9767 Swiss francs, after earlier in the day notching its most recent 2 1/2 year low at 0.9735 Swiss francs.
