Golden Scout - Gold Rises On Likely U.S. Election Outcome

Illustration photo of Gold from Reuter

Gold was up on Thursday morning in Asia as it appeared increasingly likely that U.S. presidential candidate Joe Biden would become the next U.S. president.

Gold futures were up 0.62% at $1,908 by 12:25 p.m. (GMT+8).

The U.S. elections were the focus of investors on Thursday morning in Asia, with the race much tighter than expected. Currently, Democrat Joe Biden has 264 of the needed 270 electoral college votes according to Bloomberg, but the remaining six votes have to come from states where the results are too close call.

Meanwhile, investors await monetary policy decisions from the Federal Reserve and the Bank of England, due later in the day.

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