Front-month gold futures settle up 0.2% to $2,740.30 an ounce, while SPDR Gold shares are up 0.1%. The moves come as U.S. Presidential candidates entered the day seemingly deadlocked.
But, a win by either Harris or Trump isn't expected to alter the trajectory for gold prices much, says Taylor Krystkowiak of Themes ETFs. "The U.S. national debt is expected to rise under either candidate regardless of who ultimately wins," says Krystkowiak. "This has been a significant tailwind for gold in the months leading up to the election." Until the election concludes, volumes are expected to stay limited, Krystkowiak adds.
Source: Marketwatch
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