Singapore - Saba:
Gold prices rose to new record highs on Wednesday, as demand for safe-haven assets increased amid global uncertainty due to conflicts in the Middle East and the approaching US elections.
According to Reuters, the price of gold in spot transactions rose to $ 2749.82 an ounce after hitting an all-time high of $ 2750.21 earlier in the session.
US gold futures rose 0.2 per cent to $2764.
In other precious metals, silver in spot transactions fell 0.5 per cent to $34.67 an ounce after reaching its highest level since late 2012 at $34.87 in the previous session... Platinum rose 0.5 per cent to $1033.88 an ounce. Palladium added 0.3 per cent to $1078.72.
Gold prices rose to new record highs on Wednesday, as demand for safe-haven assets increased amid global uncertainty due to conflicts in the Middle East and the approaching US elections.
According to Reuters, the price of gold in spot transactions rose to $ 2749.82 an ounce after hitting an all-time high of $ 2750.21 earlier in the session.
US gold futures rose 0.2 per cent to $2764.
In other precious metals, silver in spot transactions fell 0.5 per cent to $34.67 an ounce after reaching its highest level since late 2012 at $34.87 in the previous session... Platinum rose 0.5 per cent to $1033.88 an ounce. Palladium added 0.3 per cent to $1078.72.