Traders See Gold as a Surefire Bet as Coin-Toss Election Looms

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.

Bullion shot to fresh records this week, and prices are on course for their best year since 1979. Central banks and Chinese buyers initially led the charge, but demand has widened as investors seek protection from market turmoil ahead of next week’s vote. No matter who comes out on top, the rally may well continue.