WASHINGTON (dpa-AFX) - Gold futures continued to rise Wednesday morning, as fearful traders overlooked today's upcoming Federal Reserve decision.
Gold is on the rise this week as establishment candidate Hillary Clinton is locked in a tight race with resilient Republican Donald Trump.
Stocks have tumbled along with crude oil prices, while gold is valued as a safe haven in the time of strifes.
December gold was up $8 at $1296 an ounce, its highest in a month.
The Fed makes its interest rate announcement at 2pm ET.
Analysts expect the central bank will make no change to monetary policy ahead of the election. A December rate hike may be in the cards, but the Fed is unlikely to tip their hand today.
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