Gold prices rise on safe haven demand

Gold prices rose today, supported by safe haven demand amid Middle East tensions, while investors await the US jobs report, which could provide clues about the path the Federal Reserve will follow regarding interest rates.

Spot gold rose 0.3% to $2,662.50 an ounce, after jumping to an all-time high of $2,685.42 on September 26.

The dollar fell 0.1%, falling from its highest level in more than a month, which made gold priced in it less expensive for holders of other currencies.