Gold crossed the bar for the first time on Monday 4,400 dollars per ounce. It is driven by growing expectations. further cuts in American interest rates and strong demand for safe havens, with silver also joining the rise to reach a record level.

Spot gold rose 1.7% to $4,411.01 per ounce at 8:22am GMT, after falling compared to record of $4,420.01 reached earlier in the day. Money at Cash gained 2.5% to $69.44.

American gold futures for deliveries in February increased by 1.3% to $4,444.00 the ounce.

Gold has increased by 67% since the start of the year, breaking numerous records and breaking for the first time the thresholds of 3,000 and 4,000 dollars per ounce. He is about to record its biggest annual increase since 1979.

Silver prices have jumped 138% since the start of the year, greatly surpassing that of gold, supported by significant inflow of investments and persistent supply constraints.

Elsewhere, platinum has jumped 4.3% to $2,058.35, its highest level in addition to 17 years, while palladium rose 4.1% to 1,784.00 $, a high in nearly three years.