One-kilogram gold bars are arranged for a photograph at a Tanaka Kikinzoku Kogyo K.K. store in Tokyo, Japan, on Tuesday, March 25, 2014. Gold rose from a five-week low after the U.S. and its allies in the Group of Seven threatened more sanctions to deter Russia from further incursions into Ukraine, boosting demand for the precious metal as a haven. Photographer: Kiyoshi Ota/Bloomberg
Gold surpassed $4,000 an ounce for the first time on Wednesday, buoyed by its safe-haven appeal amid growing market uncertainty and a U.S. budget deadlock.
The precious metal hit $4,001.11 an ounce at 02:00 GMT in early Asian trading. On the New York Commodities Exchange (Comex), December delivery futures had already crossed the $4,000 mark on Tuesday.
