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.
“The possibility of post-election turmoil and a contested outcome represents a significant risk in our view, and one that could prove quite gold-positive in the most extreme scenarios,” RBC Capital Markets said. Gold’s unique properties “could make it appealing if this type of uncertainty pervades markets” it said.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.