Gold, silver and platinum extend record-setting rally

Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty. Spot gold was up 0.3% at $4,951.91 per ounce, as of 0358 GMT, after scaling a record $4,966.59 earlier in the day. US gold futures for February delivery added 0.8% to $4,952.80 per ounce. “Faith in the US and its assets have been shaken, maybe permanently, and this is driving money into precious metals. So the word rupture has been thrown around. The dollar index than two-week low on Friday, having fallen 1% in the course of the week, making greenback-priced metals cheaper for overseas buyers, sell-off earlier in the week as investors were spooked by fresh tariff threats from Trump on the EU, before recovering.