An anonymous reader writes: Gold eyes record $850 And Oil prices' climb toward $100 , Dollar hitting fresh lows against the euro. Oil was on the cusp of the landmark $100 a barrel level on Wednesday, helping push gold towards a record $850 an ounce as an embattled dollar hit new lows. Oil prices stalled in their climb toward $100 a barrel after a government report said oil inventories fell less than expected last week while refinery utilization remained flat.A larger than expected drop would most certainly have propelled oil past $100 a barrel for the first time. Gold surged above $845, approaching a record set in 1980. Silver has followed gold, hitting a 27-year high above $16 an ounce.