The stock market price of gold has reached a new historical maximum.
According to exchange trading data, it rose above $2,710 per troy ounce.
Gold prices reached their maximum amid uncertainty about the outcome of the US presidential election, writes RBC .
Geopolitical tensions also influenced the rise in gold prices.
Gold prices have recently reached record highs, driven by the precious metal's appeal. Many investors see it as a safe haven amid massive central bank purchases.
Currently, metal prices continue to remain at record highs due to uncertainty over the outcome of the US elections.
According to analysts' forecasts, volatility and uncertainty will increase.
Gold prices may stabilize after the US presidential election.
In a situation where markets are unstable, gold and oil remain effective assets for investment.
