Gold Hits Record Highs on US Election Uncertainty, More Policy Easing

GOLD - NEW YORK. Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated.

Spot gold rose 0.6% to $2,689.86 per ounce by 10:23 a.m. ET (1423 GMT). U.S. gold futures gained 0.5% to $2,705.30.