Singapore, Feb. 20 (BNA): Gold prices rose to a record high on Thursday as investors turned to bullion for safety.

Spot gold was up 0.5% at USD 2,945.83 an ounce, as of 0621 GMT, after hitting a record high of USD 2,947.11 earlier in the session.

U.S. gold futures gained 0.9% to USD 2,963.80 on Thursday, Reuters reported.

Spot silver firmed 0.5% to USD 32.88 an ounce. Platinum gained 0.4% to USD 976.00, while palladium rose 0.6% to USD 973.87.

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