Gold Glitters as US Election Nerves Grow, Dollar Hits Stock

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Gold prices soared to a record $2,757.99 per ounce on Wednesday, despite the rising U.S. dollar.

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This dollar surge put pressure on the yen and euro.

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Global stocks, on the other hand, saw a slight decline as investors stayed cautious.

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This caution is due to the upcoming U.S. presidential election in just two weeks.

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Investors are reevaluating the Federal Reserve’s interest rate cuts after recent U.S. economic data.