Gold exceeds the $4,800 barrier for the first time

New York, January 21 / WAM / Gold rose to a new record high, exceeding the $4,800 barrier, today, Wednesday, supported by increased demand for safe havens and a decline in the dollar.

Gold increased in spot transactions by 1.2% to $4,818.03 per ounce by 01.25 GMT, after touching a record level of $4,836.24 earlier in the session.

US gold futures for February delivery rose 1% to $4,813.50 an ounce.

Silver also rose in spot transactions by 0.1% to $94.68 per ounce, after hitting a record high of $95.87 yesterday, Tuesday.

Platinum in spot transactions increased 0.9% to $2,485.50 per ounce after hitting a record high of $2,511.80 earlier in the day, while palladium rose 0.4% to $1,873.18.

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