The Globe and Mail reports in its Tuesday edition that gold prices marched to record levels above $5,100 on Monday, as investors sought a safe haven amid international political tension. A Reuters dispatch to The Globe says silver and platinum also scaled all-time highs. Spot gold was up 2 per cent at $5,077.22 an ounce by 1:31 p.m. ET after hitting a record $5,110.50 (all figures U.S.). U.S. gold futures for February settled 2.1 per cent higher at $5,082.50. In the latest geopolitical flareup, U.S. President Donald Trump said on Saturday he would impose a 100-per-cent tariff on Canada if it dares make a trade deal with China. Spot silver scaled a new record high of $117.69 an ounce and was last up 10.2 per cent at $113.46. Prices broke the $100 mark on Friday as retail investor and momentum-driven buying added to tightness in physical markets for the precious and industrial metal. "Momentum is strong, with Chinese silver prices at a notable premium to London prices, indicating further gains in the short term are possible. However, such high prices should reduce industrial demand," said UBS analyst Giovanni Staunovo. Spot platinum rose by 1.8 per cent to $2,816.38 an ounce after touching a record $2,918.80.