PRECIOUS-Gold hits fresh record high on safe-haven buying

SYDNEY, Nov 23 (Reuters) - Gold hit fresh record highs on
Monday as economic uncertainty and the potential for inflation
drew investors to the relative stability of the asset.

U.S. COMEX December gold GCZ9 rose $10.20 or 0.9 percent
to $1,157.00 an ounce on the NYMEX by 2325 GMT, in thin Asian
trade with Japanese traders sidelined for a public holiday.

Spot gold XAU= was bid at $1,156.25 an ounce, above a
record $1,152.75 struck last Wednesday.

The metal's price on Friday ended higher for the sixth
consecutive session. India's acquisition of 200 tonnes of
bullion from the IMF had also boosted interest in gold earlier
this month.
(Reporting by Bruce Hextall)
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