Gold soars above $5,300 per ounce

The record rally has been attributed to geopolitical tensions and a plummeting US dollar

The price of gold has continued to rally on Wednesday, reaching above $5,300 per ounce to an all-time high. The rally has been attributed to strong safe-haven demand amid geopolitical uncertainty and a weakening US dollar.

On Wednesday, spot gold prices rose to $5,319 as of 19:50 GMT, extending the precious metal’s record-breaking streak. Prices...