Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the U.S. elections and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.

Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets.Most Read from BloombergInside the ‘Utopias’ of Mexico CityHow Mexico City Averted All-Out DroughtOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedMexico Seeks to Halve Permitting Time to Attract More FactoriesChicago Should Consider Furloughs,