Gold hits record high as dollar slips vs euro


LONDON (Reuters) - Gold rose to a record high at $1,063.60 an ounce on Tuesday as the dollar slipped against the euro, increasing the metal's appeal as an alternative asset.

Firmer oil prices and an improvement in physical demand for gold after a sluggish year for jewelry buying are also lifting gold prices, analysts said.

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