‘Unprecedented’ gold rally intensifies as FOMO kicks in

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The blistering rally in gold and silver has reached fever pitch as escalating tensions in the Middle East and a tight US election prompts more investors to pile into this year’s already top-performing commodities.

Bullion surged above $US2700 an ounce for the first time, extending its gain this year to 31 per cent. The gold price in Australian dollars also hit a record, punching through $4000 an ounce.

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