On Tuesday, gold prices hit an all-time high, surpassing $2,770 per ounce amid rising uncertainty ahead of the U.S. elections on November 5.
The price of an ounce of gold reached a record $2,771.73 before slightly settling around $2,766 as of 1515 GMT.
Often seen as a safe-haven asset, gold has continued its steady climb despite mounting geopolitical tensions. Starting the year at $2,065, gold has surged by approximately 34%, marking its strongest performance in 45 years.
This impressive rally is largely fueled by escalating risks in the Middle East and a gradual easing of tight monetary policies.
