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Gold soars to another high

GOLD surged to a new record last night, with gold futures rising to $1,144.20 (&pound;679.50) an ounce in after hours trading.<br /><br />It is just one week since the cost of the precious metal smashed through the $1,100-an-ounce barrier for the first time.<br /><br />The price of gold has now jumped by around 10 per cent in the past two-and-a-half weeks, with some analysts predicting further gains in the near term. <br /><br />Gold&rsquo;s gains were stoked by comments from BlackRock that central banks will be net buyers of gold this year.