price of gold for immediate delivery on Tuesday for the first 6 months has exceeded $ 1000 per troy ounce against a background of weak dollar and fears of investors about the possibility of accelerating inflation, reported Bloomberg.

during electronic trading in London spot price of gold reached $ 1,000.50 an ounce in New York - $ 1,002.73 per ounce.

On the New York Mercantile Exchange (NYMEX) price of the December futures rose to $ 1,004.70, and then the metal began to fall in price. Since the beginning of the contract added 14%.

The last time gold was worth $ 1000 on 20 February, then in early April, prices fell back to $ 865. In March 2008, was set the historical record - $ 1,033.90 per ounce. Rally in gold prices is the longest in the last 60 years.

Investors are not so many good options to hedge risk falling dollar and accelerating inflation - said Hwang Il-Doo of KEB Futures Co. in Seoul. - Gold will rise in price to $ 1100 per ounce by the end of the year, as only the physical demand China and India would support the rally.

Governments of developed countries use unprecedented measures to support the economy, the amount of U.S. debt rose to a record $ 6.78 trillion, which threaten to increase inflation expectations and the weakening dollar. In this situation, gold is seen as a safe haven for investment.

estimated World Gold Council, investors bought in the second quarter of 2009, 222 tons of gold, which is 46% higher than a year ago, in the first quarter - 596 tons.

grow as the price of silver, which on Tuesday reached a peak in August last year, a mark of $ 16.45 per troy ounce. Platinum from the beginning of the year went up by 35% - up to $ 1,265 per ounce, palladium - a 57% to more than $ 293.

The stock market crept higher