Fear of Trump's victory pushes gold above $ 1,300

The odds of Donald Trump winning the U.S. presidential race are scaring the market, prompting investors to look for a safe haven in gold.

The precious metal rose to $ 1,300 an ounce for the first time in nearly a month after opinion polls showed Trump was gaining traction in the election, and the following week, the following week, stimulated sales in global stocks and industrial metals, and a weakening dollar.

Gold rebounded from a four-month low in October as political and economic uncertainties outweighed expectations for a Fed interest rate hike. Gold futures for December delivery gained 1.6 percent to $ 1,308.20 an ounce at 1:41 pm on the Comex in New York, the highest close since Oct. 3. Silver futures were up 1.5 percent on the Comex.

Gold's rise was boosted by news last Friday that FBI Director James Comey had warned members of Congress that agents had discovered a new batch of email that could be part of an earlier investigation into Clinton's use of a private email system while she was Secretary of State.