Global Markets-Stocks Fall, Gold Retreats from Record Peak Amid US Election Worries

GLOBAL MARKET - NEW YORK. Global stocks edged lower on Wednesday amid tepid trading ahead of the U.S. election, while gold prices retreated from record highs, dragged down by gains in the U.S. dollar.

Investors are also rethinking how much the Federal Reserve might need to cut interest rates after the most recent U.S. economic data pointed to an economy that continues to expand and create jobs.