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h President and Chief Investment Officer r said that we In buying, it is also recommended that customers buy gold, because uncertainty will not decrease, but will increase. No matter who is elected President of the United States, there will be a lot to deal with. Gold, seen as a safe-haven asset, typically rises when volatility intensifies and global markets panic.
Seasonal demand during India's festive season is also expected to help support gold prices. In India, gold is often given as a gift during festivals.
U.S. third-quarter growth data and speeches by Federal Reserve policymakers this week will be closely watched for clues about possible interest rate hikes.
Last week, investment interest in gold showed signs of waning. Data released by the U.S. Commodity Futures Trading Commission on Friday showed that hedge funds and money managers reduced their net long positions in gold on the New York Mercantile Exchange for the third consecutive week in the week ended March 1.
The world's largest gold-backed exchange-traded fund on Friday reported its largest single-day drop in gold holdings since January, falling by .
Spot gold fell .% to $.00 per ounce. Spot silver rose .% to $.USD per ounce. Spot platinum rose .% to $.USD. per ounce. It fell to $.USD. last Friday, the lowest level since March.
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