Gold bars of various sizes lie in a safe on a table at the precious ... More metal dealer Pro Aurum. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via ) Let’s cut to it: Gold’s been on a tear,

Key Takeaways The price of gold hit a fresh record high Tuesday, briefly crossing $3,500 per ounce.Jefferies analysts said Tuesday shares of companies that mine the precious metal could still have room to rise.

Gold scaled a record peak on Monday, spurred by concerns over global economic growth amid the U.S.-Sino trade war, while a weaker dollar further boosted the rally. Spot gold advanced 1.4% to $3,373.70 an ounce as of 0432 GMT after hitting a record high of $3,