Key Points
Gold climbed to a fresh record amid ongoing tensions in the Middle East as traders also weighed US data that kept alive bets on the Federal Reserves interest-rate cuts...
Bullion touched an all-time high of $2,696.78 as Israel said it killed Hamas leader Yahya Sinwar, the architect of the Palestinian groups 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...
Earlier Thursday, data showed US retail sales strengthened in September by more than forecast in a broad advance. US jobless claims unexpectedly fell after jumping the previous week in Southeastern states affected by Hurricane Helene, according to the latest US Labor Department report...
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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