Gold for December delivery settled down 1.9% at $1,279.40 a troy ounce on the Comex division of the New York Mercantile Exchange, its biggest one-day loss since Oct. 4.

Gold rallied late last week on safe-haven buying as Republican candidate Donald Trump gained against Mrs. Clinton in the polls.

After the FBI said no new evidence was found to warrant charges against Mrs. Clinton following another investigation into her use of a private email server, stocks and the U.S. dollar rallied while safe-haven assets fell. The drop in gold prices erased most of the gains from the previous week.

Source: The Wallstreet Journal