Price movements
By 13:55 GMT, it was up gold In spot transactions, it rose 0.1 percent to $2,777 per ounce, after hitting its highest level ever at $2,789.73 earlier in the session.
US gold futures increased 0.3 percent to $2,789.20.
The campaign for the elections scheduled for November 5 has entered its final stage, and the latest opinion polls indicate a tough competition between the former Republican president Donald Trump And the Democratic Vice President Kamala Harris.
Gold jumped 35 percent this year and is on track to record its best annual performance since 1979.
Gold is usually a hedging tool during geopolitical instability.
Lower borrowing costs boosted gold’s gains.
Policymakers at the US central bank are expected to cut interest rates by a quarter point next week.
Markets are also focusing on jobs data and the personal consumption expenditures index in the United States, which are scheduled to be released tomorrow, Thursday and Friday.
As for other precious metals, palladium fell more than five percent to $1,148.75 per ounce after reaching its highest level in 10 months yesterday.
Silver in spot transactions fell 2.1 percent to $33.71 per ounce, and platinum fell 2.8 percent to $1,014.62.
