Gold surged past $5,000 an ounce for the first time, extending a breakneck rally fueled by US President Donald Trump's reshaping of international relations and investor flight from sovereign bonds and currencies.
Bullion jumped as much as 2.1% to near $5,100 as dollar weakness reinforced demand. A gauge of the greenback has fallen almost 2% in six sessions, with speculation that the US may assist Japan in efforts to boost the yen adding to worries over Federal Reserve independence and Trump's erratic policymaking. Silver also spiked to a record above $109 an ounce, gaining for a third day.
