Gold prices rebound from 9-week low before the U.S. presidential election

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Gold prices rebounded after touching their lowest level since mid-June in the former session, as investors stood undecided before the U.S. presidential election. Spot gold advanced 0.4% to $1,682.66, after touching its 9-week low of $ 1,672.24, whereas U.S. futures on gold for December gained $7.50 to $1,682.70. Friday, gold prices lost around 2% on the rise in the greenback and reduced pressure on the state's authorities to continue with monetary stimulus measures.