Gold Prices Jump to Another Record High

Gold prices maintained an upward trend for the fourth consecutive session on Wednesday, closing at a new record high for the second day in a row.

The yellow metal has been soaring above the $1,800-mark since Tuesday.

Gold futures for August delivery settled higher by $10.70, or 0.6%, at $1,820.60 per ounce.

This is the highest closing level for the precious metal futures since the fourth quarter (Q4) of 2011.