Gold edges higher on U.S. election nerves

03-Nov (Reuters) — Gold edged higher on Thursday in response to a lower dollar and also uncertainty about the outcome of a tight U.S. presidential race.

Democrat Hillary Clinton maintained her narrow lead over Republican rival Donald Trump just days ahead of the Nov. 8 election, according to two polls released on Thursday.

This helped the dollar to recover from multi-week lows, although it remained 0.1 percent lower against a basket of six main currencies.

“Risk-off sentiment has helped gold above $1,300 yesterday … and as long as uncertainty around the outcome of U.S. elections continues, we can see support,” Saxo Bank head of research Ole Hansen said.

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