Gold price hits $5,100 record as safe-haven buying builds; miners jump ahead of Fed
Gold prices surged past $5,100 an ounce on Monday, reaching a new high as investors flocked to bullion and precious metals for safety. Spot gold climbed 2.2% to $5,093.96 by 0841 GMT, after briefly hitting $5,110.50. U.S. February gold futures also rose 2.2%, settling at $5,090.40. Silver jumped to a record $110.06, while platinum touched a fresh peak of $2,897.35.