Gold prices have continued to surge higher on Wednesday after more news out of the United States continues to weigh on investors sentiment. The price of the precious metal rallied to a new record high briefly touching $US5602 (AU$7901), before sliding back to $US5,542 an ounce. Camera Icon Gold prices continued to rally to fresh record highs. “As I told Iran once before, MAKE A DEAL! The price of gold had already rallied throughout the day on news the US Federal Reserve would hold the official cash rate.