The yellow precious metal hit a record high of 1097.66 an ounce since that India's Central Bank purchased 2000 of the metal from the IMF and as the dollar is loosing momentum considerably throughout the currencies market, having the dollar index, which tracks the strength of the green Benjamin in front of a basket of currencies, plummeting on the daily chart to trade at 75.65 recording a 76.39 and a low 75.59, knowing of course that gold and the dollar have an inverse relation.