Gold price hits another record — what GLD and gold stocks are doing before the open
Gold hit a record $4,639.48 an ounce Wednesday as tensions in Iran and doubts over Federal Reserve independence drove demand. Spot gold rose 0.9% by 1001 GMT; silver topped $90 for the first time. Gold-tracking ETFs were mixed premarket, while major gold miners advanced. U.S. CPI rose 2.7% year-over-year in December.