Singapore - Saba:
Gold prices rose to a new record high on Thursday and are heading for the best monthly performance in seven months, on the back of safe-haven demand ahead of the US presidential election, while investors await the US inflation report for clues about the path of interest rates.
Gold settled at $2786.89 an ounce in spot trading, after hitting an all-time high of $2790.15 earlier in the session. Prices jumped six per cent this month. US gold futures fell 0.1 percent to $2797.80.
In other precious metals, silver fell 0.3 percent to $33.68 an ounce, platinum settled at $1008.68, and palladium fell 0.6 percent to $1141.00. The three metals are heading for monthly gains.
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