Gold price stays high as US election jitters
commodities

Gold, Crude Oil Prices Look to US Election Outcome

Gold, Crude Oil Prices Look to US Election Outcome

Gold

  • Buz Investors Wathing this Gold, Crude Oil Prices  Gold is trading at $1284.60 per ounce at 10:40 GMT this morning, 0.21% higher from the New York close.
  • This morning, the precious metal traded at a high of $1285.80 per ounce and a low of $1281.20 per ounce. Yesterday
  • gold traded 0.37% lower in the New York session and closed at $1281.90 per ounce, as global equities rallied and strength in the US Dollar dented demand for safe haven yellow metal. Immediate downside, the first support level is seen at $1278.97 per ounce, while on the upside, the first resistance level is at $1289.87 per ounce.

Gold, Crude Oil Prices 

Gold, Crude Oil Prices

Gold, Crude Oil Prices   Commodities prices are in marking time as traders await the outcome of the US presidential election before committing to a firm bias. Crude oil prices rose while goldprices fell amid a broad-based swell in risk appetite in yesterday’s session after the FBI affirmed its July conclusion that Hillary Clinton did not commit a crime in her handling of emails while serving as Secretary of State.

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Gold, Crude Oil Prices 

Significant directional progress seems unlikely until today’s vote is tallied and the results are in. Recent price action suggests that a victory for Secretary Clinton is likely to seen as an affirmation of the status quo and boost sentiment, sending the WTI benchmark upward alongside equities while gold declines. Alternatively, a win forDonald Trump threatens to trigger risk aversion and yield the opposite dynamic.

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