, Jan. 31 -- Gold prices have climbed to unprecedented levels in recent weeks as investors rushed into the traditional safe-haven asset amid intensifying global political uncertainty.

The precious metal surged beyond the $5,000 (£3,646) per ounce threshold for the first time on Monday and briefly touched $5,500. Silver and platinum prices also recorded sharp gains during the same period.

However, prices of all three metals later retreated sharply following indications of greater political stability in the United States. Even so, they remain significantly higher than a year ago.

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