BASICS
* Spot gold was up 0.2% at $2,724.88 an ounce by 0037 GMT, after hitting a record high of $2,725.81 earlier in the session. US gold futures rose 0.4% to $2,740.00.
* Hundreds of Beirut residents fled their homes on Sunday night, and multiple explosions were heard across the Lebanese capital, as Israel prepared to attack sites linked to the financial operations of the Lebanese group Hezbollah and called on people to leave. those areas immediately.
* With less than three weeks left, the 2024 race between former President Donald Trump and Vice President Kamala Harris is close in the seven battleground states that will decide the Nov. 5 election, according to opinion polls.
* Elsewhere, the US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside the COVID era, as interest on federal debt surpassed $1 trillion for the first time, it said on Friday the Treasury Department. * Bullion is considered a safe investment amid periods of economic and political turmoil. The lower rates increased its appeal as it does not earn interest. * Traders are pricing in a 99% probability that the U.S. Federal Reserve rate cut in November, according to the CME Fedwatch tool. The European Central Bank cut interest rates by a quarter point last week.
* Spot silver rose 0.1% to $33.69 an ounce, after reaching its highest level since late 2012. Silver is considered both an investment asset due to its relationship with gold and an industrial metal .
* Platinum stabilized at $1,013.54 and palladium gained 0.2% to $1,081.50.
DATA/EVENTS (GMT)
0100 China Prime Loan Rate 1 year, 5 years Oct
0600 Germany Producer prices MM, AA September
n/a UK house prices Rightmove MM, AA Oct
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