Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “Gold climbed over two per cent to breach $4,420 an ounce, as traders seek shelter from geopolitical tremors sparked by Washington’s dramatic move in Venezuela.
“The metal’s rally builds on last year’s stellar run, with its attractions as a so-called safe haven colliding with uncertainty over US rate signals ahead of Friday’s payrolls.
“For now, gold is wearing the crown as the market’s preferred insurance policy against both political risk and policy surprises.”
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