Representational file photo.
New York: Gold prices jumped to a new record high Monday, as escalating geopolitical tensions boosted demand for safe-haven assets, while silver and platinum also climbed to their highest levels ever.
Spot gold rose 2.3 percent to $5,096.60 an ounce, after hitting an all-time high of $5,110.50 earlier in the day.
US gold futures for February delivery also rose by the same amount to $5,094.30 an ounce.
Meanwhile, spot silver climbed to a new high of $112.38 an ounce.
As for other precious metals, platinum rose 3.7 percent to $2,870.65 an ounce, after hitting a record high of $2,918.80 an ounce, and palladium gained 6.2 percent to $2,133.75 an ounce, after touching its highest level in more than three years earlier.
