Gold smashes $4,000 milestone for first time in record run


Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve.

Spot gold was up 0.5% at $4,002.53 per ounce by 0213 GMT. US gold futures for December delivery gained 0.5% to $4,025 per ounce.

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