Shanghai gold futures increase on int'l record

SHANGHAI: The record gold price in the international market has prompted Shanghai traders to predict further increases in coming months.

Gold briefly pushed past the psychologically important $1,000 mark on Thursday, as investors poured money into the metal to hedge against a tumbling dollar, soaring crude prices and a shaky US economy.

Gold's rally lifted other commodities, with silver, platinum and soybean futures all trading higher. Crude oil hit a trading record of $111 but fluctuated between gains and losses, while copper futures fell.