Safe-haven demand secures gold near all-time highs

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Safe-haven demand secures gold near all-time highs
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Oct 22 - Gold climbed on Tuesday, trading not too far away from the record peak it hit in the last session, as concerns over rising geopolitical tensions, U.S. election uncertainties and prospects of central banks lowering interest rates boosted demand.

"Uncertainty is the key word at the moment and safe-haven like gold is actually the most important refuge asset possibly in traders' portfolios at the moment," said Ricardo Evangelista, senior analyst at ActivTrades. "The precious metal could keep printing never-before-seen prices as long as markets can keep shrugging off the ongoing rebound in U.S. Treasury yields and the dollar," said Han Tan, chief market analyst at Exinity Group.

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