Gold futures finally got off their win less streak

Gold futures finally got off their win less streak and posted a strong week as fiscal uncertainty and sliding equities sent investors to the precious yellow metal as a safe haven asset. Bullion has been trading a bit irregularly lately and acting more as an equity, but last week's trading action was more reflective of traditional gold movement. Skepticism and caution were clearly in the forefront of market activity with the elections which increased trader's appetite for more risk-aversive plays like gold. Expectations of increased demand from India because of the Dhanteras festival was also a contributing factor in the rise in gold prices. After several weeks of split views, analysts at Kitco have taken bullish positions on gold with 21 out of 26 people surveyed calling for gold to advance this week. December contracts were the most actively traded this past week; taking-on 3.32%, or $55.70 per ounce, to close the week at $1,730.90 on the Comex division of the New York Mercantile Exchange