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Gold Ticks Higher as Safe-Haven Bids Offset Firm Dollar

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Gold prices drifted higher today, as safe-haven demand countered a firmer dollar, while palladium hit a more than one-month peak.

Spot gold rose 0.3% to $2,725.51 per ounce. Prices hit a record high of $2,758.37 yesterday (Wednesday) as US election jitters and Middle East tensions boosted demand.

US gold futures gained 0.3% to $2,738.50.

The US dollar lingered near a three-month high.

Spot silver firmed 0.4% to $33.84 per ounce. Palladium jumped 4% to $1,100.50, its highest level since Sept. 18. Platinum rose 1% at $1,025.85.

Source: Oman News Agency

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