Yvonne Yue Li

Gold is soaring as one of the most closely contested US elections in modern history spurs a rush to haven assets, and many investors see further gains ahead.

Spot gold fell 2.8% to $2 668.40 an ounce as of 9:17 a.m. in New York. By Yvonne Yue Li and Jack Ryan, Bloomberg 6 Nov 2024

(Bloomberg) -- The world's largest gold-backed exchange traded fund recorded it biggest weekly outflow in more than two years last week as Donald Trump's decisive election win prompted traders to book profits.

Money managers’ bullish wagers on gold fell to the lowest in more than three months as Donald Trump’s decisive election victory reduced haven demand for the precious metal.

The definitive outcome removed a huge political uncertainty in the world’s largest economy, muting demand for everyone’s favorite safe-haven investment.

The definitive outcome removed a huge political uncertainty in the world's largest economy, muting demand for everyone's favorite safe-haven investment.

Gold tumbled after Trump's election victory, with the outcome removing political uncertainty in the US and reducing haven demand for the metal.

(Bloomberg) -- Holdings in exchange-traded funds backed by gold are taking a beating following Donald Trump's US election win. The global appetite for more chicken is giving poultry producers a lift. And as the United Nations' COP29 climate summit enters its second week, European data shows we're losing the fight to limit global warming.

Exxon Mobil Corp. has signed a preliminary agreement to provide battery metal lithium to an LG Chem Ltd. plant in the US, strengthening the oil major’s role in the domestic critical minerals supply chain.

Money managers’ bullish wagers on gold fell to the lowest in nearly four months before a flare-up in the Russia-Ukraine war boosted its haven appeal.