Gold Price Surges as U.S. Election Tension Grows
Gold Prices Surge Amid U.S. Election Uncertainty
The price of gold rose to another record high early Wednesday as investors continued to buy the precious metal as anxiety builds ahead of the U.S. election on November 5.
Market Trends and Price Movements
The December gold futures contract on NYMEX climbed 0.5% to $2,793.7 an ounce, taking the bullion's gains over the past 12 months to 40.3%.
Analyst Insights
Analysts at Bespoke Investment noted that gold could gather further propulsion now it has registered a technical breakout.
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