Gold rises today and hovers near a record high amid tensions from the U.S. elections.

During trading on Tuesday, gold prices recorded noticeable increases for the fourth consecutive session, as the precious metal approaches the possibility of setting a new historical peak. This rise comes amid ongoing geopolitical tensions and increasing uncertainty regarding the upcoming U.S. elections, along with anticipation for employment data in the United States and its potential impact on the country’s monetary policy. In this context, gold found support from its role as a safe haven during times of volatility and geopolitical disturbances, as some news reports indicated that North Korea is enhancing security for its leader Kim Jong Un, fearing a possible assassination attempt by deploying communication jamming vehicles and drone detection equipment. This coincides with the markets' anticipation of the U.S. elections amid rising uncertainty regarding the winner of the presidential race, given the stark differences in candidates' positions regarding the future of the economy and the independence of the U.S. Federal Reserve. In light of these circumstances, investors see acquiring gold as a better opportunity amidst increasing uncertainty about the winner of the U.S. elections, as the election results are expected to influence global financial markets. Additionally, gold is awaiting the release of a series of U.S. labor market data over the course of this week, which could significantly impact market pricing regarding the steps the U.S. Federal Reserve may take regarding interest rate cuts. **Current Gold Prices** In today’s trading, spot gold prices rose by approximately 0.34% to $2,751.74 per ounce, while December futures gold prices increased by about 0.28%, trading near the level of $2,763.50 per ounce.