Another day and yet another record high for gold.

The precious metal hit a new high of more than $1,180 an ounce in Europe on Wednesday.

It's now up 11 percent in just over three weeks.

Gold starting its latest climb when India said early this month it had bought 200 metric tons of the yellow metal. And another report came out on Wednesday that India may buy still more helped push gold to its latest record.

Other countries and central banks are also buying gold as the dollar continues to fall.

The dollar's weakness helped lift other commodities with oil prices going up half a percent and other industrial metals prices also rising. Silver was at $18.59 an ounce and platinum was bid at $1,464.50 an ounce.