Gold prices hit all-time high

The dollar tumbled following a newspaper report - later denied - alleging Gulf nations wanted to replace the greenback as the main oil currency. However, fears of higher inflation in the US as the country's economy picks up also contributed to the drop in the price of the dollar, adding to the appeal of gold. "Now a lot of investors are buying gold because they are concerned about the impact of higher inflation," confirms Adrian Ash, head of research at UK gold brokerage BullionVault.com. The last time the spot price of gold hit a new high was in March 2008, when it reached $1,032....