Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets.
Alissa Corcoran, deputy chief investment officer at Kopernik Global Investors shares her hot picks in gold.
Bullion touched an all-time high of $2,696.78 as Israel said it killed Hamas leader Yahya Sinwar, the architect of the Palestinian group’s attack on southern Israel that triggered a year-long war in Gaza. Investors typically seek safety in the precious metal in times of geopolitical and economic uncertainty.
The US economic readings added to a slew of mixed US economic readings recently, reinforcing gold traders’ expectations that the Fed will continue its rate-cutting path for the rest of the year.
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