The price of gold is surging after political uncertainty appears to have pushed investors into safe-haven assets on Wednesday.
The precious metal was trading at $1,258.50 an ounce as of 11:25 a.m. ET, a $22.10, or 1.79%, jump on the day.
This is the largest move for gold since March 16, when the metal leapt as much as 2.77% intraday.
PG View: Gold’s gains are coming amid risk aversion stemming from heightened political uncertainty.