Election Uncertainty and Economic Data Drive Gold's Ascent

29 October 2024

Gold prices are approaching record highs as investors focus on the upcoming U.S. presidential election and key economic data releases. The precious metal’s value has increased by about a third this year, driven by central bank purchases and safe-haven demand amid global conflicts. The tight race between Kamala Harris and Donald Trump is creating uncertainty, further highlighting gold’s role as a safe investment.

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