Gold dips as markets await US midterm elections
Gold prices slipped on Tuesday as investors awaited the outcome of US midterm elections. Bullion remained in consolidation mode following last week's sharp losses.
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Gold fell 0.5% to $3,926.52 per ounce during Tuesday morning trading as investors awaited the outcome of elections in the United States. Prices retreated after climbing 2% in the previous session from a one-year low. The safe-haven asset faced selling pressure as market participants liquidated holdings to cover margin calls elsewhere.
