Golden Scout - Gold Shoots Back Above $1,900 On U.S. Election Uncertainty, Covid

Illustration photo of gold from Reuter.

Kuala Lumpur (GMT +8) - Gold shot above $1,900 an ounce, rallying for a third day in a row on Tuesday, as the American presidential election neared its finish amid concerns of delayed results and possible legal challenges that triggered a bid for the safe-haven metal.

New York-traded gold for December delivery settled Tuesday’s session up $17.90, or 1%, at $1,910.40. It gained a combined 1.3% in the previous two sessions.

Spot gold, which reflects real-time trades in bullion, rose $11.75, or 0.6%, to $1,906.88 by 3:30 a.m. (GMT+8).

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