Last updated: 11 november, 2009 - 15:19 GMT
Gold reaches new highs
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The price of gold has continued to rise, with the spot gold rate reaching a record high of more than $1100 an ounce in New York on Tuesday.
The rise is partly explained by a decline in the value of the US dollar which hit a 15-month low against other major currencies.
Why is gold so popular and is it likely to soar further?
Peter Hambro is chairman of Petropavlovsk, a London-listed gold mining company operating in the Russian Far East.
First broadcast 11 November 2009
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