Gold Slips On U.S. Aid Doubts, Stronger Dollar

Gold is tracking a gyrating dollar, with investors watching “whether a fiscal stimulus plan will be agreed before the election or will have to now wait because of the lack of time, until the next president has been voted in,” said Robin Bhar, an independent analyst.

Prices are likely to trade sideways “until we know who the next president is,” but could break above the $1,950 level post the elections, Bhar added.