Which Candidate Is Better for Gold?
Gold steadied near a nine-week low on Tuesday as investors assessed potential policy impact from the neck-and-neck U.S. presidential election.
President Barack Obama and Republican challenger Mitt Romney face the verdict of U.S. voters on Tuesday after a long and bitter White House campaign, with polls showing them deadlocked in a race that will be decided in a handful of states where it is extraordinarily close.
Some analysts say a win by Obama could boost bullion , keeping Ben Bernanke at the helm of the Federal Reserve and maintaining ultra-easy monetary policy, while a win by Romney would be a positive for stocks on business-friendly policies and tax cuts.
Cash printing by central banks boosts gold's appeal as it keeps interest rates at a low level, reducing the opportunity cost of holding the metal that has no yield outside its actual value.
Gold had jumped to nearly $1,800 an ounce last month on central bank stimulus measures, but has since eased.
That said, what do you think? Which candidate is better for gold? Vote now in our "Futures Now" poll!