Gold prices have surged by over 31 per cent this year, fueled by escalating geopolitical tensions in the Middle East and expectations of further monetary easing by global central banks, particularly the US Federal Reserve.

Silver traded at $31.68 per ounce as of 9 a.m. ET. That represents a decrease of 0.75% over the past 24 hours. Year to date, silver is up 32.42%. On the last day, it has reached a low of $31.37 and a high of $32.18.

Gold is at a new record high, but you can rest assured that once it hits its peak it will probably back off of it,” Jim Wyckoff, senior market analyst at Kitco Metals, told A

The price of gold has surpassed yet another price record. Here's why you shouldn't wait any longer to get invested.

The price of gold traded at $2,681.81 per troy ounce, as of 9 a.m. ET. That’s up 1.26% from yesterday’s gold price per ounce and up 29.79% since the beginning of the year. The lowest trading price within the last 24 hours: $2,646.14 per ounce. The highest gold spot price in the last 24 hours: $2,685.27 per ounce.

Gold hits record high at $2,696.62 amid global uncertainty. Geopolitical tensions, U.S. election, and Fed easing fuel surge. Investors flock to gold as safe haven.