Gold prices poised to log first loss in 4 sessions

However, a number of investors remain bullish on the prospects for the metal in the longer term, amid lingering uncertainties around politics and the expectations that greater government budget deficits will support higher prices for gold and other precious commodities.

“Gold should continue to rise as the stimulus stalemate might only last a little while beyond the election,” wrote Edward Moya, senior market analyst at Oanda, in a Tuesday note.