Gold surged to a record high above $5,400 an ounce, extending a breakneck rally fueled by expectations of monetary easing and a flight from sovereign bonds and currencies. Bullion rose as much as 4.6% as traders bet the new monetary chief at the Federal Reserve may lean toward more easing later in the year. This is despite the fact that Fed officials left interest rates unchanged and they signaled a more cautious approach to potential future adjustments at the conclusion of their meeting Wednesday. Most ...