Post: Gold Hits Record High amid Global Tensions

Gold prices surged to a record high on Wednesday, as conflicts in the Middle East and uncertainty surrounding the upcoming US election spurred demand for safe-haven assets. Spot gold traded at $2,749.82 per ounce, after hitting an all-time high of $2,750.21 earlier in the session. US gold futures also rose 0.2 % to $2,764. Spot silver fell 0.5% to $34.67 per ounce, after hitting its highest since late 2012 at $34.87 in the previous session. Platinum rose 0.5% at $1,033.88 and palladium added 0.3% to $1,078.72. Source: Qatar News Agency