Gold advanced to a new record high near the $5,600-an-ounce level on Thursday, as investors sought refuge from escalating geopolitical tensions and weakening economic signals in the United States. Silver also benefited from the flight to safety, leaping above the $120 level. Spot gold rose 2.2% to $5,516.71 an ounce by 0947 GMT, after hitting a record $5,594.82 earlier in the day. The metal, which has hit record highs for nine straight sessions, was set for a 28% rise for the month so far. U.S.
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