Gold raced to a record high on Wednesday as geopolitical tensions and a weakening dollar extended the precious metal’s gains this year to more than 20 per cent.
The precious metal broke through $5,200 per troy ounce, climbing 1.8 per cent on Wednesday to trade at $5,271. The move follows a 3.4 per cent surge on Tuesday.
Gold has now gained more than 22 per cent this year amid investor concern over US policymaking and a sharp sell-off in the US dollar.
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