Gold prices at all-time high as world politics help to drive markets 

'Perfect storm' keeps market elevated

Spot gold rose 0.4% to $2,424.30 per ounce after hitting a record high of $2,449.89 earlier in the session. 

Gold prices have risen to an all-time high as factors ranging from US rate cut expectations and China's stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak.

Spot gold rose 0.4% to $2,424.30 per ounce after hitting a record high of $2,449.89 earlier in the session.