(MarketWatch) — Gold settled at a record and silver rallied 2.4% Monday as inflation fears kept investors attracted to precious metals, which were also helped by a weaker dollar. Gold for June delivery added $5.30, or 0.4%, to end at $1,509.10 an ounce on the Comex division of the New York Mercantile Exchange. Earlier, it hit an intraday record of $1,519.20 an ounce. That was gold’s sixth consecutive high-water mark and its eighth straight day of gains. May silver rallied $1.09, or 2.4%, to $47.149 an ounce. It had traded as high as $49.82.

http://www.marketwatch.com/story/gold-prices-hit-record-spot-price-at-1514-2011-04-25?dist=afterbell