Gold climbs to record high above $5,300 as dollar slips

By Pablo Sinha Jan 28 (Reuters) - Gold prices rose above $5,300 per ounce for the first time on Wednesday as weakening confidence in the U.S. dollar and concerns around the independence of the U.S. Federal Reserve boosted demand for the safe-haven metal. Spot gold jumped 1.7% to $5,275.68 an ounce by 0940 GMT after scaling a record $5,311.31. Prices gained more than 3% in the previous session.