Gold Prices Continue To Soar Above $700

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...The metal reached as high as $715.60 in early trading, close to a 16-month high.

Gold continued to soar in U.S. trading on Tuesday, adding further gains to its recent rally. December bullion traded at $714.60, up $2.40 on the session. The metal reached as high as $715.60 in early trading, close to a 16-month high.

Bullion is up sharply for the fourth straight session as the U.S. dollar remained weaker against the other majors. The dollar traded near a monthly low against the euro and sterling on Tuesday morning. With the U.S. economy struggling, traders turned to gold as a hedge.

In general, gold has been trending higher for about four weeks...

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