Kitco News - Gold To Remain Above $1,300 In Final Election Countdown

November 4, 2016 - 3:25pm

 by Gary Wagner

With October jobs data in the rearview mirror, all focus has shifted to Tuesday’s U.S. election where the American public will finally decide who will be the next President. And, according to technical analyst Gary Wagner, gold investors will also be on the lookout, potentially holding the metal’s price above $1,300 an ounce. ‘Going into the election, I would expect precious metals and specifically gold to continue to act as a safe haven,’ he told Kitco News Friday. ‘I think it will trade above $1,300 going into the election and if the polls continue to tighten, I would expect that to be a very strong motivating factor to move gold higher.’