By Grant Perry
November 10, 2009 -- Market gold prices hit $1,107.2 per ounce on Monday, a gain of nearly $12 over the previous close of $1,095.7.
This as investors flee the U.S. Dollar, which has fallen seven percent against the Euro and 13 percent against the British Pound in 2009.
Emerging markets in Asia are also dumping the dollar for gold and other commodities in an attempt to diversify and strengthen their foreign exchange holdings.
Many U.S. investors looking to dodge the falling dollar are also moving into real estate, especially foreign real estate at bargain prices denominated in relatively strong local currencies such as the Brazilian Real.