Gold was steady Tuesday morning as traders waited for election results in the U.S.

December gold was up $1.80 at $1281 per ounce amid speculation Hillary Clinton will edge Donald Trump, the protectionist real estate celebrity.

Meanwhile, the Federal Reserve has hinted that interest will be hiked in December. That's putting a cap on gold prices - rttnews says.

This morning, the New York futures for Brent rose slightly by 0.02% to $ 46.16 and WTI slightly dropped in price by 0.18% to $ 44.81 per barrel. Thus, the black gold is trading almost unchanged in anticipation of elections in the United States. Market participants consider Clinton as the candidate more predictable. Some positions Trump had on immigration and foreign policy issues are a concern for investors. At the same time, weak macroeconomic data from China put pressure on oil prices. China bought abroad 6.78 million barrels of oil in October, which is 12.9% less than in the previous month and the average daily volume this year.

(raw materials / closing price /% change)

Oil 44.95 +0.13%

Gold 1,281.90 +0.20%