Gold Drops, Oil Rises as U.S. Election Results Show Tight Race

(Bloomberg) — Gold fell with copper and oil pared gains as tight races in battleground states in the U.S. election shook traders’ initial faith in a decisive outcome, raising the prospect of a prolonged wait for a final result. Spot gold dropped 0.5% and the dollar strengthened as the race’s tightness spurred a flight to the safety of the greenback. Oil in New York rose 1.8%, paring an earlier advance of as much as 3.4%, with expectations OPEC+ will delay a planned easing of output cuts lending support.Traders are reacting to headlines and early clues of a possible Donald Trump …read more

Source:: Yahoo Finance

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