Gold could hit new record on fears over Trump-Biden vote uncertainty 

Gold rallied to an all-time high last month as investors sought havens amid the coronavirus pandemic, but prices have slipped back since then. File photo: AP

Gold could hit a record before the year-end, aided in part by the risks surrounding the US presidential election, according to Citigroup.

Uncertainty over the contest and delays about the outcome may “be under-appreciated by precious metals markets,” analysts including Aakash Doshi said in a quarterly commodities outlook.