Gold Hits All-time High on US Election Concerns

Industry


Gold hit an all-time peak on Wednesday as investors flocked towards the safe-haven metal less than a week before the US presidential election, while they awaited economic data for clues on the Federal Reserve’s rate stance.

Spot gold was up 0.2% at $2,779.39 per ounce, after hitting an all-time high of $2,782.03 earlier in the session.

US gold futures rose 0.4% to $2,791.70.

Spot silver shed 0.3% to $34.33 per ounce.

Palladium fell nearly 1% to $1,210.72 per ounce, while platinum rose 0.1% to $1,046.89.

Source: Qatar News Agency