Gold futures rose 0.2% to $2,697.00 an ounce, just one step away from the historic record of $2,708.70 per ounce set at the end of September. Pepperstone research strategist Dilin Wu said that gold bulls are gaining strength, reflecting uncertainty about the US economic outlook, including the number of first-time jobless claims exceeding expectations, and the Federal Reserve's warning that the hurricane and strike could reduce non-farm payrolls by as much as 100,000 people in October. Wu said in a report that in addition to America's huge deficit, people are worried about America's economic development path, and investors are turning to gold to take refuge in the face of rising volatility and uncertain monetary policy. She said that the upcoming US retail sales data and statements from Federal Reserve officials, as well as the market's outlook for the US election, will play a key role in the trend of gold.

Gold futures rose 0.2% to $2,697.00 an ounce, just one step away from the historic record of $2,708.70 per ounce set at the end of September. Pepperstone research strategist Dilin Wu said that gold bulls are gaining strength, reflecting uncertainty about the US economic outlook, including the number of first-time jobless claims exceeding expectations, and the Federal Reserve's warning that the hurricane and strike could reduce non-farm payrolls by as much as 100,000 people in October. Wu said in a report that in addition to America's huge deficit, people are worried about America's economic development path, and investors are turning to gold to take refuge in the face of rising volatility and uncertain monetary policy. She said that the upcoming US retail sales data and statements from Federal Reserve officials, as well as the market's outlook for the US election, will play a key role in the trend of gold.