Gold climbed to a fresh record as the approaching US election and conflict in the Middle East boosted haven demand.

Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts.

Gold Prices Surge to New Heights Gold prices reached a record high during Asian trading on Monday, extending last weeks rally amid growing safe-haven demand due to uncertainties surrounding the U.S.

The hospital's director insists the facility has not been used by Hezbollah, and that the only subterranean areas there are underground operating theatres.View on euronews

Hezbollah has stashed hundreds of millions of dollars in cash and gold in a bunker built under a hospital in Beirut, Israel's military said on Monday, adding it will not strike the facility as it keeps up attacks against the group's financial assets.

An Associated Press team was among journalists taken on a tour inside a hospital in Beirut’s southern suburb where the Israeli army claimed without offering evidence that Hezbollah was storing hundreds of millions of dollars in cash and gold in tunnels underneath.