interest rate
U.S. dollar surged to a near four-month high in reaction to the U.S. election exit polls, making bullion less attractive for other currency holders
Despite markets largely expecting the quarter-point cut this week, gold prices may still see a reaction to the decision
Early findings indicate that 73 percent of transactions were for off-plan or under-construction properties
Uncertainty surrounding the election and the U.S. central bank's policy decision could support gold prices this week
Gold prices have gained over 4 percent in October amid safe-haven flows spurred by Mideast tensions and U.S. election uncertainty
Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year
Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold
Recent gains place the dollar on track for its best month since April 2022
U.S election, along with Middle East tensions, might continue to act as a tailwind for gold prices
Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025
Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy
