Gold Steady as Early US Election Results Start to Trickle In [Yahoo! Finance Canada]
COMMERZBANK JUNGE ADR NEW (CRZBY)
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Source: Yahoo! Finance Canada
(Bloomberg) -- Gold was steady as investors monitored a tight US election that could prove massively consequential for financial markets. Most Read from Bloomberg Bullion was near $2,740 an ounce as a gauge of the dollar rose. Given the closeness of the race between Democrat Kamala Harris and Republican Donald Trump, it's possible a final result may not be known for days or even longer, with the uncertainty potentially benefiting the precious metal. Some investors in recent weeks have bet heavily on a Trump victory. Trades tied to his pro-growth agenda have buoyed the dollar, which would typically dent gold's appeal by making it more expensive for buyers using other currencies. However, nervousness over steep trade tariffs that Trump is pledging may also see investors flock to havens like bullion if he wins. In the short term, a victory for Harris would likely lead to an initial brief selloff in gold, Deutsche Bank AG analyst Michael Hsueh said in a recent note. A slide in th
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