Ammon News - Gold surged to a record high above $5,000 an ounce on Monday, extending ​a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties.

Spot gold rose ‌1.98% to $5,081.18 per ounce by 0323 GMT, after touching $5,092.71 earlier. U.S. gold futures for February delivery gained 2.01% to $5,079.30 per ounce, according to Reuters.

Meanwhile, a rising yen dragged the dollar broadly lower early on Monday.

Spot silver ‍was up 5.79% at $108.91 per ounce, after hitting a record of $109.44. Spot platinum rose 3.77% to $2,871.40 per ounce, after hitting a record high of $2,891.6 earlier in the session, while spot palladium rose 3.2% to $2,075.30 per ounce, a more than three-year high.

Silver climbed above the $100 mark for ​the first time on Friday, building on its 147% rise last year ‍as retail-investor flows and momentum-driven buying compounded a prolonged spell of tightness in physical markets for the metal.