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Gold prices reached a new record as worries persist over coronavirus pandemic as well as U.S.-China tensions. Spot gold traded up more than 2 percent at about $1,941.11 per ounce after earlier trading as high as $1,943.9275 per ounce.
Those levels eclipsed the previous record high price set in September 2011.
Gold prices could surge beyond the $2,000 level this year as economic and geopolitical uncertainties lead to a rush for safer assets, analysts predicted.
Gold futures were also up 2 percent to $1,938.7.
