Gold broke above $4,500 an ounce for the first time on Wednesday while silver and platinum also marked new record highs, as safe-haven demand and expectations of further U.S. rate cuts next year fueled speculative interest in precious metals.
Spot gold was up 0.1% at $4,493.76 per ounce at 1023 GMT, after marking a record high of $4,525.19 earlier in the session. U.S. gold futures for February delivery climbed 0.3% to $4,520.00.
Silver hit an all-time high of $72.70 and was last up 0.9% at $72.09 an ounce, while platinum peaked at $2,377.50 before paring gains to stand 0.3% higher at $2,282.70.
Palladium was down 2.5% at $1,815.25, retreating after touching its highest in three years.
"The lack of any bearish factors and strong momentum, all backed by solid fundamentals, which include continued central bank buying, a falling U.S.
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