Ammon News - Gold prices extended gains on Wednesday on safe-haven appeal, as renewed geopolitical tensions between the U.S. and Iran added to the yellow metal's recent upswing that saw it mark its best day since 2008 in the previous session.

Spot gold gained 2.7% to $5,071.79 per ounce as of 0353 GMT, after surging 5.9% on Tuesday, its biggest daily gain since November 2008. Bullion scaled a record high of $5,594.82 last Thursday.

U.S. gold futures for April delivery climbed 3.2% to $5,092.0 per ounce.

Spot silver rose 3.2% to $87.84 an ounce. It touched a record high of $121.64 on Thursday.

Spot platinum added 2.9% to $2,273.70 per ounce after hitting an all-time high of $2,918.80 on January 26, while palladium gained 3% to $1,784.67.

Reuters