Gold price tops $4,000 for first time as investors seek safe haven

Precious metal having biggest rally since 1970s amid political uncertainty in US, France and Japan

The price of gold has risen above $4,000 (2,980) per ounce for the first time as investors continue to seek a safe place to put their money at a time of global political and economic uncertainty.

The spot price of gold - the real-time market value of gold and viewed as the global benchmark - had reached $4,031.54 by 8am in London on Wednesday morning, after climbing 1.2% during early trading.