Gold prices have held steady at $2,738.29 per ounce as of November 4, 2024, following a record high of $2,790.15 reached on November 1, 2024. The stability in gold prices comes amid a tight race in the upcoming U.S. presidential election scheduled for November 5, 2024, where incumbent Kamala Harris faces off against Donald Trump. This election has heightened investor caution, contributing to gold's appeal as a safe-haven asset. Market analysts indicate there is a 98% chance of a quarter-basis-point rate cut by the Federal Reserve, which could further influence gold prices. Recent U.S. economic data shows that job growth nearly stalled in October 2024, adding to the uncertainty in the market. Additionally, holdings in the SPDR Gold Trust fell by 0.35% to 888.63 tonnes, reflecting shifts in investor sentiment. Meanwhile, spot silver has risen to $32.5443, while platinum has edged down to $991.72 and palladium increased to $1,108.36. The fluctuations in precious metal prices illustrate the broader economic landscape and investor sentiment as the election approaches. [d85df787] [3334e6bd] [c1769e9d] [881ec79b] [d6527d14] [3a9da2ba] [7771875d] [4deac2ff] [3e3de1ae] [e1c898b1] [360f0775] [56b84931] [ad459239] [cc91377b] [736af382] [7ed5fc9c] [950f2e1e] [31ea668a] [2f3206e2]