Gold futures touch record as haven demand builds, contract rolls

Gold futures traded at a record as the dollar plunged and concerns about the global economy boosted demand for havens, while the most-active contract rolled to a month that had already topped the all-time high. Bullion’s move came as a gauge of the dollar fell to the lowest in more than six months amid negative real rates in the US and bets the Federal Reserve will keep policy accommodative when it meets this week. Inflows into gold-backed exchange traded funds this year have surpassed a record set in 2009, with total holdings at an all-time high of more than 3 300 t.