Northern Star boss says China’s reserves are gold’s best bull signal

Australia’s biggest gold miner expects any gold price volatility in the countdown to the US presidential election between two big-spending candidates will stabilise, irrespective of whether Donald Trump or Kamala Harris win the White House.

Gold, which hit a record $3809 an ounce in Australian dollar terms on Friday, was steady at $US2443.24 ($3751) an ounce after the US 10-year Treasury yield fell to the lowest level since December and the Nasdaq slid into correction territory.