Uncertainty helps Gold push to session highs

Since the last update here on Gold, the metal has just now risen to session highs above $2,745. As already noted here earlier, yesterday a degree of profit-taking pushed gold a little lower. The rebound today comes as the markets face further uncertainty over the outcome of the US election. The prospect of that delivering no clear result by tomorrow is live and we have seen that before, when the race hinges on just a few votes in a handful of swing states. If seen, that will help investors and punters look towards gold as a haven under such conditions. The only caveat to all that would, or rather could be, the relative level of the metal, being very close to record highs. We should also not discount the prospect of further volatility in the hours ahead. Some analysts are right now arguing; that either way it goes gold is a buy, but it does depend on a great deal of moving parts not least how US yields and the dollar trade to from here. Gold is currently trading at $2,744.90