Gold soared to record levels as renewed concerns over US credit quality and escalating US-China tensions drove investors toward safe-haven assets. Gold surged 1.2 per cent to $4,379.93 per ounce on Friday, heading for its biggest weekly gain since 2008 and extending a rally that began in August. The surge was underpinned by expectations of steep Federal Reserve rate cuts later this year, which also lifted other precious metals. Meanwhile, Silver also breached its 1980 record on a discontinued Chicago Board of Trade contract, touching $54.38 an ounce before stabilising, as reported by Bloomberg. Palladium and platinum also posted substantial weekly advances. Gold has jumped more than 65 per cent this year, buoyed by central bank buying, ETF inflows, and geopolitical uncertainty. Sil

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