A gold ingot and gold coins are seen in this illustration picture taken November 17, 2017.
"Gold is very much being anchored on the U.S. election outcome ...
"If we see hot inflation numbers or a strong jobs report, then there could be a derailment in gold prices," Wong added.
In addition, Goldman Sachs lowered its gold forecast from $3,080 to $3,000 by December 2025, but maintained its bullish stance.
On the retail front, Indian gold buyers overlooked record high prices, purchasing for the Dhanteras and Diwali festivals, hoping for continued price rallies amid a cooling stock market.
Persons:
Gold, Kelvin Wong, OANDA, Donald Trump, Kamala Harris, Wong, Friday's, Goldman Sachs
Organizations:
U.S, Asia Pacific, U.S . Labor Department