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Gold hits record high on safe-haven demand; silver climbs to new peak
Gold soared to a record high on Tuesday, coming within a whisker of breaching the $4,500-per-ounce level, as investors flocked to the safe-haven metal on US-Venezuela tensions, while silver also rallied to a fresh peak. Spot gold was up 0.9% at $4,486.41 per ounce, as of 0329 GMT, after hitting a record $4,497.55 earlier in the day. US gold futures for February delivery jumped 1.1% to $4,519.70.“US-Venezuelan tensions are keeping gold on the radar for investors as an uncertainty hedge,” said Tim Waterer, chief market analyst at KCM Trade, adding that gold had surged this week as part of a broader positioning ... (full story)
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