Gold is sliding as the US presidential election results roll in

Gold is sliding as the first results from the presidential election start to roll in.

The precious metal is down a little less than $6 per ounce from its close at the end of trading Tuesday to around $1,270 an ounce as of 6:20 p.m ET. This is also nearly $20 per ounce off its high during trading on Tuesday.

The falling gold price would indicate that investors are pricing in a probabe victory for Democratic nominee Hillary Clinton. The thinking going that investors would head to safe havens such as gold if Republican nominee Donald Trump were to be elected as it would come as a surprise to markets.

Investing.com