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The ASX200 closed down 0.25% at 8,160 points. Gold climbed to a record high as investors engaged in a flight to safety. Demand for goal has soared in the week before the U.S. election and reach US$2790 per ounce. IT was the biggest gainer, up 0.52%, followed by Discretionary, up 0.17%. Staples finished the worst performing sector, down 1.65%, followed by Utilities, down 0.9%, and Materials, down 0.7%. In the GreenParadigm Pharmaceuticals (ASX:PAR) closed up 5% after the company reported advancements in its Phase 3 clinical trial preparations for the treatment of knee osteoarthritis with its pr…