Gold is glittering on Wall Street as the traditional safe-haven asset topped the psychological milestone of $3,000 for the first time amid global uncertainty.
This year, gold prices have risen nearly 14 percent. The yellow metal will also register a weekly gain of about 3 percent.
Gold’s ascent to $3,000 on the New York Mercantile Exchange’s COMEX division did not happen overnight. It has rallied 39 percent over the last 12 months.
Silver, the sister metal, has also emulated the same upward trajectory for the past year, soaring 35 percent to above $34 an ounce. Year to date, the white metal has rocketed close to 18 percent and is on track for a weekly boost of more than 4 percent….