Gold hits record highs on weak dollar

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SINGAPORE | Sun Apr 24, 2011 8:00pm EDT

(Reuters) - Spot gold rose to a record of $1,513.70 an ounce on Monday, extending the record-breaking rally to the seventh consecutive session, as the dollar languished near its three-year low.

U.S. gold futures also hit a record high, at $1,514.50 an ounce.

(Reporting by Rujun Shen; Editing by Manash Goswami)