Gold hits new all-time high above $4.9K

Spot gold has once again set a new all-time high, breaking above $4,900 per ounce. The milestone comes just two days after it surpassed the $4,800 mark. Since the start of the new year, gold has gained approximately $600 per ounce. It is currently trading at $4,900.74, up 1.4% from the previous trading day.