Gold prices hit new record high

Singapore: Gold prices climbed to a record high on Thursday and were headed for their best month in seven on safe-haven demand ahead of the US presidential election, while investors awaited US inflation report for clues on the interest rate path.

Spot gold was steady at $2,786.89 per ounce, after hitting a record high of $2,790.15 earlier in the session. Prices have firmed 6% for the month so far.

US gold futures dipped 0.1% to $2,797.80.

Spot silver fell 0.3% to $33.68 per ounce, platinum was flat at $1,008.68, and palladium fell 0.6% to $1,141.00. All three metals were on track for a monthly gain.