Gold Price Hits $1,400

The gold price hit a new record of $1,400 an ounce Monday. 

Analysts said gold’s continued rise stems from
expectations that the Federal Reserve’s new monetary policy will weaken the
dollar.

The gold price has set numerous records this year. It ended 2009 at $1,096, which means it
has risen over 25 percent this year.

Silver also hit $26.75 Friday, which analysts called a 30-year high
for the metal.