Gold prices rose above the $4,600 per-ounce mark for the first time on Monday. Silver also climbed to a record high, supported by geopolitical and economic uncertainty and growing expectations of U.S. interest rate cuts.
Spot gold gained 1.3% to $4,469.49 per ounce by 02:03 GMT, after earlier reaching a record $4,600.33. U.S. gold futures for February delivery advanced 2% to $4,591.10. Analysts said geopolitical risks were a key factor driving strong intraday gains in both gold and silver.
Unrest in Iran has added to market concerns, with reports that more than 500 people have been killed. Tehran has...