风之子

LONDON/NEW YORK (Reuters) - Gold spiked up to a new 25-year high above $700 an ounce on Tuesday on dollar weakness, while platinum set a new record on strong industrial demand and fund buying.

Other precious metals also gained from the bullish environment in commodities, which saw copper setting a new record and aluminum surging to an 18-year peak.

"We have a combination of overlaying sets of momentum here. More and more of genuine investors have become convinced that some portion of their assets should be put into the sector," said Sean Corrigan, chief investment strategist at Diapason Commodities Management.

"Clearly, this is a very nervous market and we could suffer quite a serious shake out at any point," he added.

Spot gold broke through stiff resistance to reach $700.30 late in New York, before edging to $699.90/700.90 an ounce -- up 3.2 percent from Mondays close at $677.90/8.90.

It soared to an all-time high of $850 in 1980.

At the New York Mercantile Exchange, June delivery gold climbed 3.2 percent to settle at a 25-year high at $701.50 an ounce, a gain of $21.60 on the day.

The dollar fell to a new eight-month low against the yen, making gold cheaper for holders of other currencies. Investors tend to put their money into commodities after a drop in other financial markets