Gold has been rising month after month, said Peter Spina, president and founder of GoldSeek.com. Whether today’s pullback in prices is a “minor dent in this huge rally” that’s set to reverse

over the coming days or a “deeper, multiweek consolidation” is a difficult question to answer, he said. There’s “a lot in the air.” The main focus at the moment, however, is next week’s

political uncertainties, with the U.S. presidential election potentially creating some volatility, Spina said. Overall, it has been a “net positive for gold” so far as fears around this

uncertain outcome are bringing in some safe-have buying.