Global uncertainties push safe-haven gold to record high
- Posted on October 23, 2024
- By Business News Today
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Global uncertainties push safe-haven gold to record high
Gold prices reached a record high on Wednesday due to Middle East conflicts and U.S. election uncertainty. Spot gold was at $2,746.25 per ounce. U.S. gold futures slightly increased. Bullion is a safe-haven asset gaining over 33% this year. Federal Reserve's interest rate decision is also anticipated. Silver, platinum, and palladium saw mixed results.