Bullion has nearly doubled in value (to $3,500 an ounce) since 2023 amid global uncertainty and alarm over Donald Trump’s policies.

Some central banks, including those of India, China, Turkey and Poland, have been adding gold to their reserves.

The precious metal overtook the euro last year to become the world’s second largest reserve asset, behind the dollar.

Silver has also risen, hitting its highest level since 2011.

Source: Gold price hits record high as investors seek safe haven | Gold | The Guardian