TORONTO (Reuters) –
Toronto's main stock index rose to its highest level in more than 14 months on Wednesday, adding to a big gain in the previous session, as record high gold prices sparked a rally in shares of gold miners.

Shares of Barrick Gold Corp, which headlined the early rise, were up 2.4 percent at C$49.40, while Kinross Gold was up 3.6 percent at C$22.90.

The gains in gold miners came as the price of gold hit another record high, $1,216.75 an ounce, on expectations of further U.S. dollar weakness.

"I thought we'd come in here with a take the money and run sort of attitude but so far we are up marginally here." said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier. "But gold just seems to keep moving up here."

The rise in the TSX follows a 2.27 percent gain in the previous session powered mostly by energy and gold players.

At 10:05 a.m. (1505 GMT), the S&P/TSX composite index was up 45.06 points, or 0.38 percent, to 11,752.38. Earlier it rose as high as 11,753.55, its highest level since October 1.

(Editing by Peter Galloway)