This comes with the already increasing demand for buying the precious metal amid expectations of a reduction in interest rates.
Price movements
Gold rose in spot transactions by 0.7 percent to $2,739.50 per ounce by 13:50 GMT, after hitting its highest level ever at $2,740.37 earlier today.
US gold futures rose 0.7 percent to $2,750.
Prices rose goldwhich is considered a safe investment in times of economic and political turmoil due to its ability to retain value, has increased by more than 32 percent so far this year to record several new highs.
The 2024 US presidential elections are witnessing intense competition between the former president Donald Trump And Vice President Kamla Harris In the seven swing states that will determine the outcome of the elections scheduled for November 5.
In the Middle East, hundreds of Beirut residents fled their homes as Israel attacked sites linked to Hezbollah’s financial operations, exacerbating fears of an escalation of the conflict.
Traders expect 90 percent of it to decrease US Federal Reserve Board Interest rates in November.
Prices rose Silver In spot transactions, it rose 1.2 percent to $34.06 per ounce, recording the highest level since late 2012.
As for other precious metals, platinum rose 0.1 percent to $1,014.20 per ounce, reaching its highest level since mid-July, while palladium fell 1.1 percent to $1,067.49.
