Gold has rebounded on Friday, up 0.56% as of 2:00 pm EST, while equities indices are falling. Traders should not assume, however, that gold is decoupling from risk assets based on one trading session, said Peter Hug, global trading director of Kitco Metals.
Hug advises traders to stay flat going into the November 3 election, while investors should not be liquidating their positions now and focus on the long-term fundamentals.
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