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MTECHTIPS:-Gold futures jump to 1-month high as poll shows Trump in lead

Wednesday, November 2, 2016 0:32
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MTECHTIPS:-Gold futures jump to 1-month high as poll shows Trump in lead



MTECHTIPS- Gold prices rallied to a one-month high during North America’s session on Tuesday, after a new poll showed that enthusiasm for Hillary Clinton has ebbed since the renewal of the FBI’s email investigation ahead of the upcoming U.S. presidential election. An ABC/Washington Post tracking survey released earlier gave Trump 46% support from likely voters, to Clinton’s 45%. Clinton was ahead by 12 points a week earlier. Markets were rattled by news last Friday that the FBI is planning to review more emails related to Democratic presidential candidate Hillary Clinton’s private server, just over a week before the election. The revelation could damage the chances of the Democrat candidate, fueling worries about a surprise election outcome. Gold for December delivery on the Comex division of the New York Mercantile Exchange rose to a session high of $1,289.20 a troy ounce, the most since October 4. It was last at $1,288.00 by 8:35 AM ET (12:35 GMT), up $15.05, or 1.2%. The market is also keeping an eye on the outcome of the Federal Reserve’s two-day policy meeting, which begins on Tuesday. The U.S. central bank is not expected to raise interest rates, but could signal its intent to hike in December amid signs the economy is picking up steam.



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