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Gold hits one-month high

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LONDON: Gold, silver and platinum rallied to one-month highs on Tuesday as concerns over the outcome of the US election sparked losses in stocks and the dollar, prompting investors to seek out precious metals as a haven from risk.

Spot gold hit its highest since early October at $1,289.53 an ounce and was up 0.8 per cent at $1,287.40 an ounce at 1440 GMT. US gold futures for December delivery were up $15.30 an ounce at $1,288.40.

Silver was up 2.8pc at $18.37 an ounce, having peaked at $17.88, while platinum was up 1.4pc at $990.41 an ounce, off an earlier one-month high of $996.10. Palladium was up 1.8pc at $629.40.

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