Gold prices were also fairly subdued after a sharp decline the previous session. December gold futures edged up $2.10, or 0.2%, to $1,281.50 a troy ounce. Precious metals tumbled at the start of the week after the FBI cleared Democratic nominee Hillary Clinton of any wrongdoing tied to a new email investigation. The announcement drove massive gains in global equities and sent the US dollar higher against a basket of other major currencies. The relief rally in European markets stalled on Tuesday as investors turned their attention to the US election results. Final polls on Monday revealed a slightly bigger lead for Clinton, raising optimism that the Democratic nominee would stave off a surging Donald Trump. The GOP candidate saw big gains in the week leading up to the election. US futures prices were also trading slightly lower after posting their biggest one-day advance since March. Global equities and the US dollar could continue higher Wednesday should Clinton win the presidential nomination. This likely means more volatility is in store for gold and silver, which are normally viewed as haven assets during periods of political instability. In economic data, China’s trade surplus widened in October, although exports continued to decline sharply. In US dollar terms, Beijing’s trade surplus rose to $48.06 billion from $41.99 billion.

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