Gold prices hovered near record peaks Tuesday, continuing a rally fueled by shifting policy news that keeps markets on edge. Spot gold climbed 1.5% to $5,090.94 an ounce by 11:35 a.m. EST, after hitting a record of $5,110.50 on Monday. February U.S. gold futures edged up 0.1% to $5,086.90. The metal has surged roughly 18% this year. Michael Widmer, a commodities strategist at Bank of America, pointed out that “rallies normally end because the drivers that took people into the gold market originally dissipate - and that’s just not the case.”
