Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Indian government bonds traded mixed Thursday amid growing uncertainties over the United States presidential election.
The yield on the benchmark 10-year bonds, which moves inversely to its price, fell more than 9 basis points to 6.809 percent, the yield on 8-year note climbed 5 basis points to 6.979 percent and the yield on short-term 3-year note slid nearly 1 basis point to 6.571 percent by 07:00 GMT.
The U.S. presidential election is due on November 8 in which the race between Democrat candidate Hillary Clinton and Republican Donald Trump is narrowing. The market is wary of a Brexit-like outcome at the presidential election on November 8 as recent polls showed a tighter race between the two Presidential candidates.
The RealClearPolitics poll displayed that Democratic nominee Hillary Clinton’s lead over her Republican rival Trump has narrowed down to 2.2 percentage points from more than 7 points two weeks ago.
Treasury prices are expected to rally this week as investors assume that the triumph of Republican Party nominee Donald Trump over Democratic Clinton will weaken the greenback against major trading currencies, while boosting demand for safe-haven assets.
According to Reuters, the U.S. Treasury prices gained amid safe-haven demand and the 10-year yield fell for a third consecutive session yesterday. It was last at 1.80 percent, against 1.88 percent, a five-month high it had hit earlier this week.
The Federal Reserve left policy rates on hold at the Federal Open Market Committee (FOMC) meeting that concluded Wednesday, flagging possibilities of a December rate hike. The central bank will continue to monitor the developments in consumer prices and the country’s labour market.
The FOMC, chaired by Janet Yellen held the Federal Funds Rate unchanged, by a majority 8-2 vote in the range of 0.2-0.50 percent since last December, largely in line with markets had initially anticipated. However, there were two dissenting votes by George and Mester, each in favour of a hike to 0.50-0.75 percent.
Meanwhile, the Sensex fell 0.01 percent or 2.94 points to 27,524.28 and Nifty-50 futures traded 0.19 percent lower or 15.60 points at 8,534.50 by 07:30 GMT.
