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Acute political uncertainty sends gold prices into gyrations
It hit US$1,308 an ounce on Thursday from US$1,241 in early October
Add BT as a preferred sourcePublished Fri, Nov 4, 2016 · 09:50 PM
London
A DULL gold market has suddenly exploded on account of the acute uncertainty over the result of the US presidential election.
With polls showing the outcome between favourite Hillary Clinton and outsider Donald Trump to be too close to call, investors and speculators have dived into gold, sending the price of the yellow metal surging from US$1,266 an ounce on Tuesday this week to peak at US$1,308 on Thursday, before falling back to US$1,289.
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