The price of gold hit a new all-time high Wednesday morning as the precious metal surged more than 20% this year.

By Anmol Choubey Jan 29 (Reuters) - Gold fell on Thursday as investors took profits after a record high, yet prices remained on course for their best month since the 1980s amid heightened economic and geopolitical uncertainty.

Gold prices pushed higher ‍on Tuesday after breaking through ‍the $5,000 per ounce milestone ‍for the first time in the previous session.

Gold prices surged beyond $5,000 per ounce for the first time late Sunday, as investors rushed to the safe-haven asset as concern spread that US President Donald Trump is upending relations with key allies,

Gold prices rose above $5,300 per ounce for ​the first time on Wednesday as weakening confidence in the U.S. dollar and ‌concerns around the independence of the U.S. Federal Reserve boosted demand for the safe-haven metal.

Spot gold edged lower after nearing the $5,000-an-ounce mark earlier on ⁠Friday, as investors booked profits after prices struck another record driven by the uncertain geopolitical outlook.

After a strong rally that pushed gold and silver to record levels, ETFs tracking the precious metals saw a steep fall on January 30. The sharp correction has sparked fresh questions about whether the dip is worth buying or if volatility may deepen further.

Gold and silver hit record highs on Monday, driven by a flight to safety after President Trump warned of extra tariffs on some European countries in a dispute over Greenland. Spot gold jumped 1.7% to $4,

Gold and U.S. equities are climbing in tandem, with both markets setting fresh records instead of moving in their usual opposite directions. That rare alignment is exactly what many economists warn can precede a break in confidence, because it suggests ...