Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the US election and expectations of more rate cuts by major central banks, while investors looked forward to a slew of US data for further direction.

Spot gold rose 0.3% to $2,682.14 per ounce. Prices had climbed to a session high of $2,685.16 on Wednesday, shy of the record $2,685.42 scaled on Sept. 26.

US gold futures gained 0.2% to $2,697.40.

Spot silver rose 0.4% to $31.79. Platinum gained 1.2% to $1,005.00 and palladium firmed 0.5% to $1,028.72.

Source: Qatar News Agency