Gold in Worst Run Since 2019 as Election Nears, Pandemic Rages

(Bloomberg) — Gold headed for a third monthly drop — the longest run since 2019 — as investors favored the dollar as a haven in the final days before next week’s pivotal U.S. presidential election, a contest that coincides with a wave of coronavirus cases that’s ripping through the top economy and Europe.Uncertainty remains high before the Nov. 3 vote, lifting the dollar’s appeal as a safe asset over bullion. The spread of Covid-19 is intensifying in the U.S., where new cases topped 86,000 to set a fresh daily record, as well as right across Europe’s leading nations.Since hitting a …read more

Source:: Yahoo Finance


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.