Gold hits new high, Sri Lanka latest to reveal purchases

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The price of gold rose to another record high of $1,109.50 per troy ounce on Monday on the back of continued speculation that central banks would buy more of the metal and market fears that excess monetary stimulus would spur inflation.

The price of the metal has jumped by 6.2% since the beginning of the month. Monday's peak partly reflected further falls in the dollar in overnight trading (the price was unchanged from Friday's levels against the euro), but analysts see central-bank purchases as

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