Gold Hits Record Peak on US Election Concerns

  • International
  • 30 October 2024
1

Gold hit an all-time high on Wednesday as investors turned to the yellow metal as a safe haven less than a week before the US presidential election while awaiting economic data for clues on the US Federal Reserve's expected decision on interest rates.

Spot gold rose 0.2% to $2,779.39 an ounce, after hitting an all-time high of $2,782.03 earlier in the session. U.S. gold futures rose 0.4% to $2,791.70.

Source (CNBC Arabia Website, Edited)

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