The Gold Rush Of Ought Nine

Gold has hit another record intraday high as the dollar continues to weaken.

Spot gold was bid at $1,062.70 an ounce at 0834 GMT against $1,055.25 late in New York on Monday.

Options-related activity also played a role in the euro's moves on Tuesday, with the currency's recent rebound to test September's high of $1.4842 fizzling out ahead of reported large options barriers and expiries at $1.4850.

Early trading in Europe was quiet and confined to narrow ranges, something which may change with the German ZEW investor sentiment survey at 0900 GMT and the latest batch of U.S. third quarter earnings when U.S. markets open.

Oil is heading to $75 a barrel and rising, and other commodities are heading up too.

The world is starting to bet against the dollar, and big time.