Gold Rises Again, Extending Record-Breaking Rally

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Gold hit yet another record high on Wednesday, as uncertainty on multiple fronts sent investors piling into the precious metal once more.

Futures climbed 0.4% to $3,607 an ounce, having peaked at just under $3,617 an ounce in earlier trading.

Bullion has been rallying in recent days, with traders looking for safe havens amid worries about a potential flare-up in inflation and ballooning government deficits.