RTRS: Gold in sterling hits new record after BoE minutes
LONDON, June 22 (Reuters) - Gold priced in sterling hit a new record high just below 960 pounds an ounce on Wednesday after the minutes of the Bank of England's most recent interest rate meeting showed policymakers believed the economic outlook had weakened, undermining the pound.
Gold in sterling rose by as much as 0.5 percent on the day to a high of 957.69 pounds an ounce, a new all-time peak, bringing its gains for the year to 5.2 percent, compared with a 9 percent gain in the dollar price of gold .
The BoE's minutes showed members of the rate-setting committee judged the outlook had weakened and some members raised the possibility of future quantitative easing, prompting a decline in the pound against the euro and the dollar and boosting gilt futures . (Reporting by Amanda Cooper; Editing by Anthony Barker)
