Gold hits record above $5,280 as Trump dollar comments aid rally

Gold surged to a record high above $5,280 an ounce, extending a breakneck rally fuelled by US dollar weakness and a flight from sovereign bonds and currencies.Bullion rose as much as 2 per cent on Wednesday, building on a 3.4 per cent jump in the previous session — its biggest one-day gain since April. President Donald Trump said he was not concerned about a drop in the value of the dollar that has dragged the world’s premier reserve currency to its weakest level in nearly four years.That decline, combined ...