Gold hits record highs on US election uncertainty, more policy easing
Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated.
Spot gold last rose 0.83% to $2,695.39 per ounce. U.S. gold futures gained 0.75% to $2,711.40.
Gold has seen a surge of over 30% this year, surpassing record levels, driven by prospects of further Federal Reserve rate cuts after a half percentage point rate cut last month and ongoing geopolitical uncertainties.
