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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * US presidential race in focus, could set tone for Fed * US fiscal cliff also hinges on U.S. congressional vote * Indian gold import could fall in 2012-trade group By Frank Tang LONDON, Nov 6 (Reuters) – Gold rose for a second day on Tuesday, largely tracking equities, as the market watched the U.S. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16443"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16443\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* US presidential race in focus, could set tone for Fed\n * US fiscal cliff also hinges on U.S. congressional vote\n * Indian gold import could fall in 2012-trade group\n\n\n By Frank Tang\n LONDON, Nov 6 (Reuters) - Gold rose for a second day on\nTuesday, largely tracking equities, as the market watched the\nU.S. presidential election in which a win for President Barack\nObama could boost bullion by raising expectations for Federal\nReserve stimulus.\n Polls show Obama and Republican challenger Mitt Romney\nneck-and-neck in a race that will be decided in a handful of\nbattleground states. \n Some analysts said a Romney team which champions fiscal\nresponsibility and is sceptical of Fed stimulus would be\nunlikely to renominate Fed Chairman Ben Bernanke for a third\nterm in 2014. Easy U.S. monetary policy championed by Bernanke\nwas a key driver to gold's all-time high last year.\n \"If Obama is reelected, that would be a boost for gold\nbecause it means continuity on U.S. public spending and Federal\nReserve monetary policy,\" said Nicolas Berge, a trader at\nGeneva-based hedge fund Absolute Capital Group which invests in\ncommodities futures and currencies.\n Spot gold climbed 0.6 percent to $1,693.45 by 11:27\na.m. EDT (1627 GMT), after it hit a nine-week low of $1,672.24\non Monday. \n U.S. COMEX gold futures for December rose $10.40 to\n$1,693.60, with trading volume on track to finish below average,\npreliminary Reuters data showed.\n Investors will also closely watch races in the Senate and\nHouse of Representatives that could affect the \"fiscal cliff,\"\nor $600 billion in spending cuts and tax increases that are set\nto be automatically triggered at the end of the year. Huge\neconomic uncertainty related to the first U.S. fiscal cliff in\n2011 helped boost gold to a record high.\n Gold rose near $1,800 an ounce last month on central-bank\nstimulus measures but the rally has since faded as encouraging\nU.S. economic data including last Friday's strong jobs data\nlowered optimism driven by monetary policies.\n Silver edged up 0.2 percent to $31.20 an ounce.\n \n U.S. POLICY QUESTION\n Given the Republicans are expected to retain control of the\nU.S. House of Representatives, a victory for Obama would be seen\nas raising the risk of policy paralysis.\n The so-called fiscal cliff set to occur in early 2013 would\nhurt U.S. economic growth and underpin safe-haven assets.\n \"An Obama win is potentially supportive to gold because of\nthe possibility of a much more difficult (policy) negotiation,\"\nsaid David Wilson, analyst with Citigroup.\n In the physical market, India's gold imports could fall to\n550 tonnes next year, after touching 967 tonnes in 2011, as high\ninflation and prices bite into disposable incomes of consumers,\nthe head of a trade body said on Tuesday. \n Among platinum group metals, platinum was down 0.1\npercent at $1,536.97 and palladium rose 1.2 percent to\n$616.50. \n \n Prices at 11:27 a.m. EDT (1627 GMT) \n \n LAST NET PCT YTD\n CHG CHG CHG\n US gold 1693.60 10.40 0.6% 8.1%\n US silver 31.240 0.112 0.4% 11.9%\n US platinum 1542.70 0.00 0.0% 10.2%\n US palladium 618.00 15.00 2.5% -5.8%\n \n Gold 1693.45 9.46 0.6% 8.3%\n Silver 31.20 0.05 0.2% 12.7%\n Platinum 1536.97 -2.27 -0.1% 10.3%\n Palladium 616.50 7.53 1.2% -5.5%\n \n Gold Fix 1691.00 -0.75 0.0% 7.4%\n Silver Fix 31.40 49.00 1.6% 11.4%\n Platinum Fix 1543.00 5.00 0.3% 11.7%\n Palladium Fix 617.00 4.00 0.7% -3.0%<\/pre>\n