Investors are pushing gold prices to new heights as a weaker dollar is prompting them to shift money into assets perceived as safer risks. Gold for December delivery settled at $1,370.50 an ounce Wednesday. It's the latest in a recent series of record highs for the precious metal.
Commodities such as gold, silver, oil and copper are benefiting because the dollar is weaker against other currencies. Since commodities are priced in dollars, they are more of a bargain for traders who buy them with foreign currencies.
Investors also are awaiting the Federal Reserve's decision on whether to take steps to stimulate the economy and how that may impact their holdings.