Gold records a new historical peak for the second session and approaches $2,790.

Gold prices continued to expand their gains from the previous session during trading on Wednesday, reaching a new historical peak for the second consecutive day. The price of an ounce of gold is trading near $2,790 after closing at $2,774.8 per ounce yesterday. **Current Gold Prices** In terms of trading, spot gold prices rose by 0.66% to record $2,789.80 per ounce, while December futures gold prices increased by 0.52% to $2,769.20 per ounce. The rise in gold prices was driven by significantly negative job vacancy data in the United States, which showed that job vacancies in the country fell to their lowest levels since January 2021, highlighting further declines in the labor market. This may prompt the Federal Reserve to cut interest rates by 25 basis points at the next meeting. Gold's increase occurred as the U.S. dollar weakened in anticipation of further economic data set to be released today, which reduced the cost of holding dollar-denominated bullion, along with a decline in U.S. Treasury yields, paving the way for gold to rise further as a safe haven.