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Business / World Business

Gold prices reach all-time high

Published: 18 Oct 2024 - 08:29 pm | Last Updated: 18 Oct 2024 - 08:31 pm
Peninsula

QNA

London: Gold prices rose to an all-time high today, as concern over the US election and rising tension in the Middle East boosted demand for safe havens.

Spot Gold rose 0.5 percent to $ 2,706.76 an ounce, bringing its week-to-date rise to two percent. US gold futures also increased 0.5 percent to $ 2722.00.

As for other precious metals, silver in spot transactions rose 0.5 percent to $ 31.92 an ounce and is heading for a weekly gain, platinum increased 0.5 percent to $ 996.85, and palladium rose 0.7 percent to $ 1049.25.