Gold prices end at record peak

Gold alloys

Gold prices finished in the green today, Oct. 29, as investors weighed recent economic data that showed a slowdown in the US labor market, amid Middle East tensions and US election jitters.

Gold futures prices for December delivery increased by 0.90%, or $25.20, to end at $2,781.10 per ounce, marking the highest close ever for the most active contract.

Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, held steady at 104.35 points at 09:27 pm Makkah time, after soaring to 104.64 points earlier in the session.

The number of job openings in the US decreased to 7.44 million opportunities last September, compared with the August reading that was revised downward to 7.86 million. This came against expectations of 7.98 million job opportunities.

Investors are awaiting a series of economic data this week, including the US jobs report and the Federal Reserve's preferred inflation gauge. This is to assess expectations of a 25-basis-point interest rate cut at the US central bank’s November policy meeting.