Gold remains supported as geopolitical risks escalate. Additionally, it is considered a safe asset as the war in the Middle East intensifies.

In regard to the upcoming U.S. election next month, investors speculate that Donald Trump, the Republican nominee, has a chance of winning the presidential election. This could lead to a shift from risky assets to safer ones.

However, the main poll from a prominent website, which aggregates and averages the latest poll results, shows that Vice President Kamala Harris is still leading with 48.1%, compared to Trump's 46.4%.

Source: Fxstreet