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Gold surged past the $4,700 an ounce mark for the first time Tuesday, and silver hovered just below a fresh record high, as global tensions sparked yet another rush to safety.
Spot gold gained 1.2% to $4,726.86 per ounce by 1131 GMT, having hit an all-time high of $4,737.10, while silver rose 0.7% to $95.308/oz, after hitting a record $95.488 earlier.
U.S. gold futures for February delivery climbed 3% to $4,732.60/oz.
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Author: Faith Novak
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