“The underlying sentiment remains positive, and the election result, when we get it, is likely to be gold-friendly with a likely weakening dollar, fresh stimulus, rates in negative territory and a likelihood that the [Federal Reserve] will start buying longer-term assets,” Rhona O’Connell, head of market analysis for EMEA and Asia at StoneX, wrote in a Tuesday newsletter.
Gold prices rise as investors brace for U.S. Election Day outcome
