Gold prices hit new highs

BEIJING, May 20 (Xinhua) -- With the U.S. dollar-denominated spot gold price hitting about 2,450 U.S. dollars per ounce, the RMB-denominated gold prices also shot up to new highs on Monday.

Data from the Shanghai Gold Exchange showed that the price of gold that is 99.99 percent pure or above rose to a new high of 578 yuan (about 81 U.S. dollars) per gram on Monday afternoon and closed at 573.8 yuan per gram, cli