Experts say no end in sight for gold's bull run

SHANGHAI - The yellow metal's bullish run will continue unabated, according to industry experts, even though the price has already soared by 23 percent this year.

That's on strong anticipation of a continued weakness in the US dollar, allied to an uncertain global economic outlook. Gold futures for December delivery, the most active contract on the Shanghai Futures Exchange, gained 1.66 percent to settle at 291.08 yuan ($43.57) per gram on Monday, its highest ever level.

Meanwhile, the price of gold soared to an all-time intra-day high of $1,366 per ounce on Thursday on the Comex in New York, as investors scrambled to buy the commodity as a safe haven when the dollar declined against other major currencies.