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Gold Settles Lower as Traders Await Midterm Election Results
Wednesday, 7 November 2018 02:14 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures ended Tuesday with a loss, at their lowest settlement in nearly a week, with traders focused on the outcome of Tuesday™s midterm elections that will determine control of Congress.

December gold lost $6, or 0.5%, to settle at $1,226.30 an ounce on Comex. That was the lowest finish since Halloween. December silver SIZ8, -0.90%  settled 14.7 cents, or 1%, lower at $14.50 an ounce.

Republicans currently have majorities in the House and Senate. Democrats are widely expected to take control of the House of Representatives in Tuesday™s election, while Republicans are seen maintaining control of the Senate.

Source : Marketwatch

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