And it went down gold In spot transactions, it rose 0.7 percent to $2,766.59 per ounce by 1335 GMT, after hitting its highest level ever at $2,790.15 earlier in the session. Prices jumped about five percent this month.
US gold futures fell 0.8 percent to $2,777.20.
The US elections scheduled for November 5 have entered their decisive final phase amid very close opinion polls that make it difficult to predict the winner between Republican former President Donald Trump and Democratic Vice President Kamala Harris.
The yellow metal is usually seen as a safe investment during times of economic and geopolitical uncertainty, and thrives in a low interest rate environment.
Data showed that the core personal consumption expenditure index in the United States rose 0.2 percent in September after an unrevised increase of 0.1 percent in August. Economists had expected the index to jump 0.2 percent.
Investors are now awaiting the jobs report, which will be released tomorrow, Friday. According to the Fed Watch tool, traders expect 96 percent that the US Federal Reserve will cut short-term borrowing costs by a quarter of a percentage point next week, which will further strengthen non-yielding gold.
As for other precious metals, silver fell in spot transactions by 1.8 percent to $33.19 per ounce. Silver rose more than six percent during the month.
Platinum fell 0.4 percent to $1,004.60, and palladium fell 1.8 percent to $1,126.74, and is on its way to recording its best monthly performance since January 2022.
