Post: Gold, Silver Jump to New Highs

Gold hit a record high on Monday, extending its blazing rally amid uncertainties surrounding the US election, simmering Middle-East tensions, and interest rate cuts by major central banks, while silver scaled a near 12-year peak. Spot gold was up 0.3% at $2,729.40 per ounce, after hitting an all-time high of $2,732.73 earlier. US gold futures were 0.6% higher at $2,744.80. Helped by bullion's rally, spot silver rose 1.1% to $34.03 per ounce, its highest since late 2012. As for other precious metals, platinum rose 0.3% to $1,016.21 per ounce, its highest since mid-July, and palladium gained 0.3% to $1,076. Source: Qatar News Agency