Metals Stocks: Gold prices hit record, spot price at $1,514

Metals Stocks: Gold prices hit record, spot price at $1,514

April 25, 2011, 1:52 am

Spot prices for gold climbed to a record at midday in Asia on Monday, extending the metal's recent gains, as reports circulated that China may tap its $3 trillion foreign-exchange reserves stockpile to launch special commodity and forex funds to soak up excessive liquidity.