Gold prices surged to a record high on Wednesday as conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Spot gold hit an all-time high at $2749.07 before easing slightly. Gold's rally comes despite the rival U.S. dollar clinging to a more than two-month peak. Bullion has gained more than 33% this year and scaled multiple records, driven by global uncertainties and a looser monetary policy environment.