Reuters: US Dollar Report: Gold in rand hits record high

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Gold in rand hits record high Oct 4th 2012, 10:14 LONDON | Thu Oct 4, 2012 6:14am EDT LONDON Oct 4 (Reuters) - Gold priced in rand hit a record high on Thursday, while the South African currency struggled at one-month lows against the U.S. dollar, as a wave of strikes continued to grip the country's mining industry. Gold in rand rose by 1.8 percent to a record 15,185.80 rand an ounce. So far this year, gold denominated in rand has risen by more than 20 percent, compared with a 14.5 percent rise in the dollar price of gold, which on Thursday was trading at $1,789 an ounce, near 11-month highs.

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