He added that the US election outcome will likely be a Democrat President and Republican Senate. That will maintain the status quo on policy and allow markets to get back to the real issue of 2020 - central bank easing on a huge scale.
Near-zero interest rates amid massive pandemic-driven stimulus globally have helped non-yielding gold, considered an inflation hedge, gain over 27% this year.
Silver fell 0.9% to $25.10 an ounce. Platinum was little changed at $892.46, while palladium gained 0.7% to $2,392.65.