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Risk adversity with US election may support gold – #SaxoStrats video
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Selling appetite for previous metals will be limited ahead of the US election, says Saxo Bank’s head of commodity strategy Ole Hansen.
He says that gold and silver are unlikely to be affected by data such as ISM figures and any impact from this week’s FOMC meeting.
Both gold and silver have broken higher on Tuesday, and with USD showing weakness, both the precious metals could move higher.