Khaberni - Gold prices continued their gains on Wednesday, driven by their appeal as a safe haven, after renewed geopolitical tensions between the United States and Iran contributed to the latest rise of the yellow metal, which recorded its best daily performance since 2008 in the previous session.
The price of gold in spot transactions increased by 2.7% to $5071.79 per ounce at 0353 GMT, after having jumped 5.9% on Tuesday, which was its largest daily gain since November 2008. Gold reached a record level of $5594.82 last Thursday.
US future contracts for gold delivery in April surged 3.2% to $5092 per ounce.
