LONDON (AFP) - The price of gold rose above 1,000 dollars an ounce here on Tuesday, reaching the highest level for 18 months, as a weaker dollar fuelled demand for the metal, dealers said. Gold hit $1,007.70 an ounce on the London Bullion Market, the highest level since March 2008 when the metal had hit a record high of 1,032.70 dollars. Gold last broke through $1,000 in Feb before falling back. The yellow metal rose on Tuesday as a falling dollar made the commodity cheaper for buyers holding rival currencies, pushing up demand. Gold has also won support in recent months from investors seeking a safe-haven amid the global economic downturn and owing to the risk of higher inflation.