IBT:Gold flat after coming off 2-mth low; US election in focus
(Reuters) - Gold traded little changed on Tuesday as investors awaited potential policy spinoffs from the U.S. presidential election, while China's upcoming leadership transition and Greece's strike over a new austerity package also kept sentiment cautious.
U.S. President Barack Obama and Republican candidate Mitt Romney are engaged in frantic last-minute campaigns in swing states. A Romney victory may weigh on gold prices as hopes for further monetary easing may dim, hurting prospects for bullion.
Investors are also waiting for the once-a-decade leadership transition in China, with expectations for clearer economic policy direction once a new leadership team is in place after the 18th Communist Party Congress, which is scheduled to open on Thursday.
