London - Saba:
Gold reached its highest level ever today as investors flock to the yellow metal as a safe haven less than a week before the US elections, while they await economic data for indications on the Federal Reserve’s expected decision on interest rates.
Reuters reported that gold rose in spot transactions by 0.2 percent to $2,779.39 per ounce, while its futures contracts in the United States rose by 0.4 percent to $2,791.70.
As for other precious metals, silver fell in spot transactions by 0.3 percent to $34.33 per ounce, palladium fell by nearly 1 percent to $1,210.72, while platinum rose by 0.1 percent to $1,046.89.
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