Gold Climbs to Record as Mideast, US Election Drive Haven Demand

Gold reached a record on Monday, with safe haven demand continuing to support prices as traders monitored escalating tensions in the Middle East and the increasingly tight US election race.

Bullion climbed as much as 0.3% to an all-time high of $2,729.30 an ounce, topping last week’s peak by a few dollars. The bullish sentiment has also spilled over to silver, which was trading at the highest since 2012.

• Investors watching for Israel’s next move against Iran.
• Silver trading at 12-year high amid bullish sentiment