Via: Reuters:

Gold hit a record high on Tuesday, with growing expectation of U.S. monetary easing and continued geopolitical risk buoying activity from momentum-driven funds which could propel the precious metal further.

A wider robust fundamental backdrop added support, including strong physical demand in Asia and central bank purchases as well as bullion’s traditional safe-haven cachet. Central banks have been net buyers of gold for eight consecutive months.

Spot gold rose 0.8% to $2,130.79 per troy ounce as of 1540 GMT, after touching its record high of $2,141.59.

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