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With less than a week until Americans head to the polls, the outcome of the presidential race remains highly uncertain. Adding to this uncertainty, this election cycle has featured several unusual developments.
The World Gold Council’s Q3 2024 Gold Demand Trends report reveals that total gold demand[1] increased 5% year-on-year to 1,313t, a record third quarter. Total demand exceeded US$100bn for the first time on record, supported by strong investment in a record-high price environment.
Despite the hype around the widely-publicised build-up to the US election, numerous analysts and high-profile investors have come out downplaying the impact of the election outcome on global markets.
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