(Reuters) - Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as the dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a U.S. Federal Reserve monetary policy decision. Spot gold rose 0.6% to $5,219.97 per ounce, as of 0153 GMT, after scaling...
Spot gold rose 0.6% to $5,219.97 per ounce, as of 0153 GMT, after scaling a record high of $5,224.95 earlier, up more than 20% since the start of the year. gold futures for February delivery surged 2.6% to $5,216.80 per ounce."(Gold's rise) is due to the very strong indirect correlation with the dollar and yesterday's price-rise in gold in the U.
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