Gold Likely to Consolidate Further Before U.S. Election, FOMC Decision

Spot gold was up 0.1% and is expected to consolidate further ahead of the U.S. election and FOMC decision, Phillip Nova said, adding that China inflation data and uncertainty over stimulus measures also pose headwinds for demand.

Spot gold was up 0.1% and is expected to consolidate further ahead of the U.S. election and FOMC decision, Phillip Nova said, adding that China inflation data and uncertainty over stimulus measures also pose headwinds for demand.