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Gold Rises on Eve of U.S. Election as Risk of Turmoil Looms

(Bloomberg) -- Gold climbed at the start of a crucial week that brings the U.S. presidential election and a Federal Reserve policy meeting -- events set to dictate the trajectory of the dollar, appetite for risk, and the precious metal. Bullion was up for a second day, with Democratic nominee Joe Biden leading President Donald Trump nationally in the latest crop of polls, although some state races are still extremely close. The New York Times/Siena College polls showed Biden leading the…

India’s gold demand fell 30%, but ‘cautious optimism’ may be returning (CNBC)

Gold demand in India fell 30% year-on-year between July to September but a sense of “cautious optimism” has returned in the market, according to the World Gold Council. Though there are expectations for some pent-up demand to surface in the current quarter, it is unlikely to offset a decline in full year gold demand for India. Globally, demand for gold declined 19% year-on-year to 892 tonnes for the July-September quarter — it was the lowest quarterly total since 2009. For the first…

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