Gold prices has once again surged to new record highs, driven by geopolitical tensions in the Middle East and uncertainty surrounding the upcoming U.S. presidential election. The metal reached $2,758.49 on Wednesday, reflecting investors’ flight to safety amidst fears of escalating conflicts between Israel and Iran and a tight election race in the U.S. This bullish sentiment has also impacted other precious metals, with silver nearing $35 an ounce for the first time since 2012. Despite pressure from rising U.S. government bond yields, gold’s appeal remains strong due to its safe-haven status and expectations of further price increases in the coming months.