Gold is likely to hit a new all-time high later this year on U.S.-policy driven economic uncertainty, geopolitical tensions and robust central-bank demand, according to a new report.

Gold likely will reach a new all-time high later this year on economic uncertainty stemming from U.S. policy, geopolitical tensions and strong central bank demand, Metals Focus said.

“Gold is the new risk-free asset in people’s mind,” said George Catrambone, head of fixed income, Americas, at DWS, in an interview — adding that, right now, 10-year and 30-year Treasury ...

Gold futures hit a record of $3,509.90 an ounce on April 22, before slipping in the following sessions. However, they are still up nearly 26% in the year to date, and most recently rose 0.7% to ...