Gold steady as investors eye race for Oval Office

Gold steady as investors eye race for Oval Office

(Reuters) – Gold prices held steady on Tuesday as a jump in riskier assets offset the impact of strict lockdowns across Europe and with wary markets awaiting results of the U.S. presidential election. A saleswoman displays a gold necklace inside a jewellery showroom in Kolkata, India, May 7, 2019. REUTERS/Rupak De Chowdhuri/Files Spot gold was up 0.1% at $1,896.77 per ounce by 1059 GMT, while U.S. gold futures rose 0.3% to $1,898.90 per ounce.

Quantitative Commodity Research analyst Peter Fertig said stock market gains were indicative of improved risk appetite and a weaker U.S. dollar index.

“Not to forget we have election day today, so nobody is really willing to take stronger positions now and are just waiting for the results.”

President Donald Trump and Democratic rival Joe Biden made a last-ditch push for votes in battleground states on Monday as their campaigns prepared for post-election disputes that could prolong the election […]

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