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Gold rallied to a one-month high on Wednesday, as uncertainty over the outcome of the U.S. election knocked stocks and the dollar lower, but bullion pared gains slightly after the Federal Reserve held interest rates steady as expected.

Gold prices were higher but well off their daily highs in late-afternoon trading Wednesday. Early on, prices hit a four-week high and climbed above what was a key resistance level of $1,300.00. Safe-haven demand is featured this week as the latest polling in the U.S. presidential election shows a much tighter race between Hillary Clinton and Donald Trump. Trump is even leading in at least one major poll, as the election is less than one week away. Technical buying in gold and silver is also featured this week as the near-term chart postures have significantly improved for both metals. December Comex gold was last up $9.60 an ounce at $1,297.50. December Comex silver was last up $0.092 at $18.515 an ounce.

Bullion surged above $1,300 an ounce for the first time in almost a month after polls showed Trump gaining ground in next week’s elections, spurring a sell-off in world equities and industrial metals and weakening the dollar. Trump led Hillary Clinton by one point in an ABC News/Washington Post tracking poll on Tuesday, while a Bloomberg survey of independents gave Clinton a slim advantage.

Investors boosted their holdings of exchange-traded funds backed by gold for a fourth straight session Tuesday to 2,042.9 metric tons, near the highest since 2013, data compiled by Bloomberg show.