Source : WAM
Gold prices continued their rally on Wednesday, supported by safe-haven demand, after posting their strongest single-day gain since 2008 in the previous session.
Spot gold rose 2.7% to $5,071.79 per ounce by 0353 GMT, following a sharp 5.9% surge on Tuesday — its biggest daily jump since November 2008. The precious metal had reached a record high of $5,594.82 last Thursday.
Meanwhile, U.S. gold futures for April delivery advanced 3.2% to $5,092.0 per ounce.
Other precious metals also moved higher. Spot silver climbed 3.2% to $87.84 per ounce, after touching a record peak of $121.64 on Thursday.
Spot platinum gained 2.9% to $2,273.70 per ounce, having previously hit an all-time high of $2,918.80 on January 26, while palladium rose 3% to $1,784.67.
