Gold price remains stable in anticipation of US elections

The value of gold remained this Thursday at $ 1,877.01 an ounce. Investors remain cautious awaiting the elections on November 3

Given the proximity of the presidential elections in the United States on November 3, the value of gold remained stable at the end of the day this Thursday, despite the 2% suffered the previous day.

According to news agencies and specialized entities, investors prefer to wait and not make risky moves before the presidential elections in the United States are held.

StoneX analyst Rhona O’Connell has added to this cautious attitude the negative consequences on the economy and trade of the Covid-19 pandemic.

Specialists are keeping an eye out for a possible volatility in the price of the precious metal once the results of the electoral process in the North American country are known.

An important fact about the price of gold is that this year it has increased by 24%, supported by interest rates near zero worldwide and unprecedented incentive measures.


With information from Agencies and other media

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