Gold surged to an all-time high on Monday, hitting its sixth record this year, fuelled by geopolitical tensions and central bank interest rate cuts.
The bullion’s price climbed 0.4 per cent to $2,732.45 a troy ounce in early trading in London on Monday, representing a 43 per cent gain since the start of this year.
The war in the Middle East, coupled with uncertainty over the outcome of next month’s US election, have supercharged gold’s allure as a haven asset.
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