Gold Ticks Higher as Safe-Haven Bids Offset Firm Dollar

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