Gold hits new record high above $3,300 as uncertainty fuels demand

Gold prices continued to climb on Wednesday as investors flocked to the precious metal amid heightened global economic uncertainty.

June gold futures on the Comex exchange surged 2.5% to $3,321.10 per ounce, surpassing the $3,300 mark for the first time in history. Since the beginning of the year, gold has gained more than 23% in value.

On the spot market, gold was also trading at an all-time high, reaching $3,304 per ounce.