Gold surged to a record high above $5,000 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical tensions. Spot gold rose 0.75% to $5,019.85 per ounce by 2304 GMT, while U.S. gold futures for February delivery gained 0.84% to $5,020.60 per ounce. Escalating friction between the U.S. and NATO over Greenland has added fresh momentum to gold's advance this year on expectations of more financial and geopolitical uncertainty. "Our forecast for the year is that gold will see a high of $6,400 an ounce with an average of $5,375," independent analyst Ross Norman ... (full story)