Demand for higher yielding assets persist, dollar slumps, gold at historic highs

Demand for higher yielding assets persist, dollar slumps, gold at historic highsThe European common currency along with the pound extended their rise against the dollar, which forced the US dollar index to slump further and enable the precious metal from setting new historic highs at 1,314.75. Gold is expected to extend its rise further today, as investors await the release of US GDP data.