Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver scaled a near 12-year peak.
Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver scaled a near 12-year peak.
Helped by bullion's rally, spot silver rose 1.3% to $34.08 per ounce, its highest since late 2012.
Elsewhere, traders are pricing in a 99% chance of a U.S. Federal Reserve interest rate cut in November.
The European Central Bank cut interest rates by a quarter point last week.
Persons:
Tim Waterer, Donald Trump, Kamala Harris, Waterer
Organizations:
bullion's, KCM Trade, Investors, U.S, Federal, European Central Bank, Palladium
Locations:
China, Beirut, Israel