India, Jan. 23 -- Gold prices surged on Friday to scale a new record high as concerns of an escalation in the Middle East increase after U.S. President Donald Trump confirmed a "big force" heading towards Iran.
Front Month Comex Gold for January delivery zoomed by $67.40 (or 1.37%) to $4,976.20 per troy ounce. Gold spiked $387.80 (or 8.45%) per troy ounce for this week.
Notably, this is a new high for gold prices, which have increased for four consecutive sessions.
Front Month Comex Silver for January delivery also catapulted by $4.949 (or 5.16%) to $100.925 per troy ounce. Silver also skyrocketed $12.8340 (or 14.57%) per troy ounce for this week.
Notably, this is a new high for gold prices, which have risen for three consecutive sessio...