Gold Slips As Equities, Dollar Gain After US Presidential Debate

Gold edged lower on Tuesday as equity markets bounced back and the U.S. dollar strengthened, hinting that investors viewed Democrat Hillary Clinton as the winner of her first U.S. presidential debate with Republican Donald Trump.

Spot gold was down 0.2% at $1,335.46 an ounce by 0249 GMT.U.S. gold futures eased 0.4 % to $1,339.20 an ounce.

 Markets have tended to see Clinton as the candidate of the status quo, while few are sure what a Trump presidency might mean for U.S. foreign policy, trade and the domestic economy.

 

 The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1% at 95.354.

 

 "The current $1,330-$1,342 range is still in play and participants will be looking closely at the results of the first U.S. presidential debate for direction," MKS PAMP Group trader Sam Laughlin said in a note earlier in the day.

Get live News Updates visit us at Ripples Advisory or One Missed Call on @98-27-80-80-90.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.