Goldman says Clinton victory more likely as gold slips further

Singapore

GOLD held the steepest slump in a month as Americans prepare to cast their ballots in the US presidential election after a rancorous and divisive campaign, with Goldman Sachs Group saying that Democrat Hillary Clinton is more likely to win the White House than Donald Trump.

Bullion for immediate delivery traded at US$1,284.27 an ounce at 3.02 pm in Singapore from US$1,281.64, according to Bloomberg generic pricing. On Monday, prices sank 1.8 per cent, the most since Oct 4, on speculation that the odds of a victory for Mrs Clinton have improved, hurting haven demand.