Updated from 5:54 a.m. EDT
NEW YORK (
) -- Gold futures for December delivery rose to an intraday high of $1,009.40 on Tuesday as the dollar weakened and inflation concerns grew.
The December contract, the most active, last traded at $1,006.80 on the New York Mercantile Exchange.
It's the first time a front-month contract has traded above $1,000 in six months.
The dollar fell to 92.18 yen from 93.05.
-- Reported by Joseph Woelfel in New York
Follow TheStreet.com on
and become a fan on