Gold on track for third straight weekly gain

Gold prices fell on Friday, October 25, but were on track for a third straight weekly gain, supported by increased demand for safe havens amid rising geopolitical tensions and continued uncertainty over the US election.

Spot gold fell 0.4% to $2,725.73 an ounce as investors booked profits after hitting record highs, Reuters reported.

Prices had hit a record high of $2,758.37 an ounce on Wednesday and are up 0.2% since the start of the week.

US gold futures fell 0.4% to $2,738.20 an ounce.