| LONDON:
“LONDON Gold jumped nearly 5 percent on Wednesday as U.S. Republican nominee Donald Trump prevailed over Democrat Hillary Clinton in the race for the White House, prompting a dive in stocks and the dollar as investors bolted for safety.
Prices cut gains to just above $1,300 an ounce as wider markets stabilised after a conciliatory victory speech from Trump but remained 2 percent higher, leaving the metal on track for its biggest one-day rise since Britain’s shock vote to leave the European Union in June.
Spot gold XAU= vaulted to a six-week high of $1,337.40 an ounce, up nearly 5 percent, and was 2.1 percent higher at $1,302.75 by 1200 GMT. U.S. December gold futures GCv1 were up $28.90 an ounce at $1,303.40, having peaked at $1,338.30.”
