Fear of Trump Pushes Gold Above $1,300 as Investors Seek Haven
- Industrial metals end longest winning streak since March
- Good Chinese economic data overshadowed by Trump risk: Aslam
Gold Rallies Ahead of U.S. Presidential Election
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Donald Trump’s improving odds in the U.S. presidential race are causing jitters in the market, prompting investors to seek safety in gold.
Bullion surged above $1,300 an ounce for the first time in almost a month after polls showed Trump gaining ground in next week’s elections, spurring a sell-off in world equities and industrial metals and weakening the dollar. Trump led Hillary Clinton by one point in an ABC News/Washington Post tracking poll on Tuesday, while a Bloomberg survey of independents gave Clinton a slim advantage.