Gold prices marched to record levels above $5,100 on Monday, as investors sought a safe haven amid international political tension, and silver and platinum also scaled all-time highs. Spot gold was up 1.9 percent at $5,076.43 an ounce by 11:37 a.m. ET (1637 GMT) after hitting a record $5,110.50. U.S. gold futures for February delivery gained 1.9 percent to $5,074.10. “Gold prices continue to be supported by elevated geopolitical and economic uncertainty. Central banks remain strong buyers as they diversify foreign exchange reserves and reduce reliance on the U.S. dollar,” said Ryan McIntyre, president at Sprott Inc. “In addition, investor inflows into physically backed exchange-traded funds have resumed, with holdings up approximately 20 percent year over year,” McIntyre added. Trump’s 100 percent tariff threat on Canada In the latest geopolitical flare-up, U.S. President Donald Trump said on Saturday he would impose a 100 percent tariff on Canada if it follows through on a trade deal with China. For precious metals this year, the major drivers are going to be “Trump and Trump,” said Adria
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