Gold prices soared to a fresh record near $5,600 Thursday, while oil rallied after U.S. President Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran.
The surge in safe-haven precious metals also saw silver hit another peak and has also been helped by a softer dollar sparked by speculation that the U.S. president is happy to see the world's reserve currency weaken.
An uneventful policy announcement by the U.S. Federal Reserve (Fed) did little to inspire buying, although observers said traders are optimistic interest rates will come down as Trump prepares to name his pick as the next governor.
Bullion piled on more than $300 at o
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