Gold prices are holding steady at the £1,446 ($1,900) marker as the US election results go down to the wire. With America on a knife edge, President Trump has already declared himself the winner, accused his rival of fraud and threatened to go to the Supreme Court with votes in several key states still to be counted. Despite the turmoil, gold is holding solid, underlining the value of the yellow metal in times of turmoil.

What’s more, experts believe that the uncertainty will be positive for gold moving forward and could push it to a flurry of highs. Murenbeeld & Associates head researcher, Chantelle Schieven says, “I think it a question of how contested will this election become. If it comes down to a couple of states and a handful of votes, then we could see the courts get involved, and it could take months to sort everything out. That prolonged uncertainty will create some market volatility, and that will be good for gold.”

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