Pakistan, Jan. 23 -- Gold extended its record-setting rally on Friday, while silver and platinum also reached all-time highs as investors sought refuge from geopolitical tensions and growing doubts over US assets.

Read More: Precious metals rally as silver tops $75, gold and platinum hit records

Spot gold rose 0.4 percent to $4,957.10 per ounce as of 05:36 GMT (10:36am PKT), after earlier touching $4,966.59, a new peak. US gold futures for February delivery gained 0.9 percent to $4,958.30 per ounce. Analysts attribute the surge to diminishing confidence in US economic stability and mounting global uncertainties.

"Faith in the US and its assets has been shaken, maybe permanently, and this is driving money into precious metals," said Kyl...