Gold hits record high above $1,080
LONDON (Reuters) - Spot gold extended earlier gains to hit a record high at $1,080.60 per ounce on Tuesday, carried up as the International Monetary Fund's sale of 200 tonnes of gold boosted sentiment towards the precious metal.
By 4:58 p.m., spot gold stood at $1,076.20 per ounce compared with $1,059.15 late in New York on Monday. Traders also cited the dollar paring earlier gains to a one-month high versus a basket of currencies .DXY.
(Reporting by Veronica Brown; Editing by William Hardy)
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