Tuesday 22 October 2024 – 12:41
Gold prices continued to rise today, Tuesday, amid uncertainty surrounding the U.S. elections, current tensions in the Middle East, and expectations of interest rate cuts by major central banks.
The price of gold in spot transactions increased by 0.5% to $2,732.44 per ounce, while U.S. gold futures rose by 0.3% to $2,746.20 per ounce.
Prices reached an all-time high yesterday, Monday, hitting $2,740.37 per ounce, and have surged by more than 32% since the beginning of this year.
For other precious metals, silver in spot transactions rose by 0.9% to $34.05 per ounce after reaching its highest level since late 2012 in the previous session.
Platinum increased by 0.6% to $1,006.87 per ounce, and palladium rose by 1.1% to $1,062.59 per ounce.
