Gold surged to a record high on Thursday, supported by investor demand for the precious metal amid persistent geopolitical and economic uncertainty, as expectations grew for U.S. interest rate cuts and a weakening dollar.
Spot gold rose 0.4 percent to $4,224.79 an ounce after reaching a record $4,225.69. U.S. gold futures for December delivery gained 0.9 percent to $4,239.70.
Among other precious metals, silver rose 0.2 percent to $53.16 an ounce after hitting a record $53.60 on Tuesday. Platinum climbed 0.7 percent to $1,665.70, while palladium dropped 0.3 percent to $1,540.36.
