Silver also rose. Assets in the StreetTracks Gold Fund, the biggest exchange traded fund backed by gold, reached a record 585.53 metric tons, after gaining 12% last month, figures from the World Gold Council show. Gold is up 17% this year, while the dollar has declined 7% against the euro to a record low.
„If you look at the chart, gold and the euro look very similar,” said Wolfgang Wrzesniok-Rossbach, head of sales and marketing at Heraeus Holding GmbH, a precious metals refiner in Hanau, Germany. Gold for immediate delivery rose $6.56, or 0.9%, to $747.66 an ounce at 9:34 a.m. in London after earlier reaching $748.10, the highest since January 21, 1980. The dollar has fallen against the euro for three consecutive days. Silver advanced 13.5 cents, or 1%, to $13.69 an ounce.
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