Gold pressed further higher on Wednesday after breaking the $2,000 milestone and global stocks rose as upbeat data from Europe counterbalanced a less optimistic report from the US labour market.
The precious metal has risen for 13 days in the past 14, and a 1.4 per cent gain led it to a fresh all-time high of $2,048 a troy ounce. Silver followed in gold’s slipstream with a fourth day of records, rising 3.6 per cent to $26.91 to bring its 2020 increase to more than 50 per cent.
The gains came as some investors grew nervous after several months in which the stock market has recovered most of its losses, and the yield on government debt in the most economically advanced countries fell towards zero.
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