Gold Posts Biggest Weekly Gain Since July as Biden Closes In
- Bullion trims early gains as equities slip from week’s highs
- Copper climbs in London and zinc hits highest since 2019
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Gold had the biggest weekly gain since July and copper rose as Joe Biden tightened his grip on the race for the White House, while investors also weighed prospects for further Federal Reserve stimulus.
Bullion broke out of a narrow trading range seen over the past month as uncertainty over the U.S. election and renewed stimulus hopes boosted demand for the haven. Democrat Joe Biden has taken the lead in Pennsylvania over President Donald Trump, putting him on the cusp of victory in the presidential race.