Gold slides as dollar and equities jump on Clinton boost

07-Nov (Reuters) — Gold prices tumbled on Monday as the dollar and stocks rallied on news Hillary Clinton would not face criminal charges related to her use of a private email server, boosting her chances of winning the U.S. presidential election.

Spot gold was down 1.2 percent at $1,288.21 an ounce by 1018 GMT after hitting a low of $1,283.12 earlier in the session. U.S. gold futures fell 1.2 percent to $1,288.8.

“It’s risk on after the FBI said it won’t be taking the email saga any further,” said Warren Patterson, commodity strategist at ING. “Polls are showing Clinton in the lead.”

The FBI said on Sunday it stood by its earlier finding that no criminal charges were warranted against Democratic presidential candidate Clinton.

Gold gained more than two percent last week on uncertainty related partly to the FBI saying on Oct. 28 it was looking into new emails that may be connected to Clinton.

The election is on Tuesday and the final result will be known on Wednesday.

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