Gold, Swiss franc extend gains as risk appetite fades

04-Nov (FT) — US election jitters continued to chip away risk appetite as investors bought safe havens assets instead of making bets on the latest economic data.

Gold is up another 0.2 per cent to $1,305 per troy ounce, hitting a fresh one-month high and on track for its seventh straight day of gains.

The Swiss franc also hit a fresh one-month high against the US dollar, rising 0.3 per cent to 0.97. The franc was rebounding ahead of the US jobs report, but came back down after the release, which showed that wage growth continued to accelerate.

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