"Gold Prices Soar to New Heights: Onward to Record Highs!"

In the face of the uncertainty created by conflicts in the Middle East and the upcoming US elections, investors are increasingly turning to gold, considered a safe haven. With robust demand, gold prices hit a record high this morning. Spot gold reached an all-time high of $2,750.65 per ounce and is currently trading at $2,750.15, up 1.3% from yesterday. Tim Waterer, Chief Market Analyst at KCM Trade, stated that both gold and the dollar are benefiting from safe-haven buying flows due to the upcoming US elections and ongoing geopolitical risks. Bullion gold has risen by 4.39% this month and 33.3% this year due to global uncertainties and a looser monetary policy environment, with a 38.80% increase over the past year. Spot silver, after reaching its highest level since late 2012 at $34.87 yesterday, fell to $34.45 this morning and is currently down 0.3% at $34.74.