Commodities

Gold gained to a record on Thursday for a 3rd day driven by mounting concern that currencies including the Dollar will lose value after governments boosted spending to combat the global recession, fuelling demand for the metal. Gold for immediate delivery traded at $1,050.63 an ounce at 11.25am in Singapore. Gold for December delivery in New York gained as much as 0.8% to $1,052.50 an ounce, also a record. Among other precious metals, silver jumped to a 14-month high of $17.89 an ounce, platinum rose 0.5% to $1,333.50 an ounce and palladium added 0.4% to $314 an ounce.