Gold consolidated near $940 per ounce on Wednesday, following strong gains in the previous session, with record oil prices and volatility in the dollar continuing to support precious metals during the ongoing economic turmoil. At 9:53 a.m., spot gold was trading at $938.60 per ounce against $943.00 per ounce in late New York trade on Tuesday. Gold on Tuesday rose by more than $15, at one point touching $945.83, its highest price since mid-April.

Full story: forbes.com