Gold blasts past US$5,100 to record highEYEING STABILITY: Trump has permanently ruptured the way things are done, sending investors running toward gold as the only alternative, an analyst saidReutersGold yesterday surged to a record high of more than US$5,100 an ounce, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties. Spot gold were up 2.2 percent at US$5,089.78 per ounce by 6:56am GMT, after earlier touching an all-time high of US$5,110.50. Photo: AFPPrices have set consecutive record peaks over the past week and have already risen more than 18 percent this year. Analysts expect gold prices to climb further toward US$6,000 this year on mounting global tensions as well as strong central-bank and retail demand. Spot platinum climbed 3.4 percent to US$2,861.91 per ounce, after hitting a record high of US$2,891.6 earlier in the session, while spot palladium was 2.5 percent higher at US$2,060.70, having touched a more than three-year high.
