Record Gold Price

Gold today hit it's highest ever price of $1346/oz.
Mark Pervan, senior commodity strategist at Australia and New Zealand Banking Group Ltd., talks about his forecast for gold price. Gold jumped to another record as the dollar declined, boosting demand for precious metals as alternative assets. Pervan speaks from Melbourne with Rishaad Salamat on Bloomberg Television's "On the Move Asia."

Gold Prices Soar

Gold prices rose to a new record of $1,114 an ounce Wednesday, confounding expectations that even the $1,000 level wouldn't hold.

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