Gold Breaks Through $4,700 on Weaker Dollar, Safe-Haven Buying

Gold prices soared past the $4,700 mark for the first time on a weaker dollar and as fears of renewed trade tensions spark a rush to haven assets.Futures in New York climbed 2.9% to $4,725.80 a troy ounce, having reached $4,731.30 earlier in the session. The dollar index was down 0.7% to 98.70, making bullion cheaper for buyers using other currencies. Meanwhile, silver rose 6.7% to $94.45 an ounce.A mix of geopolitical uncertainty and fears over central-bank independence has unsettled investors, driving flo ...