Gold surged past US$4,800 per ounce on Wednesday, driven by strong safe-haven buying and a softer US dollar.
- Spot gold rose 1.2% to US$4,818.03 per ounce as of 0125 GMT, after reaching an intraday record high of US$4,836.24.
- US gold futures for February delivery increased 1% to US$4,813.50 per ounce.
- Spot silver gained 0.1% to US$94.68, following a record peak of US$95.87 on Tuesday.
- Spot platinum rose 0.9% to US$2,485.50, after hitting a record US$2,511.80 earlier.
- Palladium edged up 0.4% to US$1,873.18 per ounce.
The rally reflects investors’ continued appetite for precious metals as a hedge against economic uncertainty and currency fluctuations.
