Gold edges up as dollar caps gains
Spot gold and US gold futures rise on hopes that a US stimulus package will be passed
23 October 2020 - 08:34
Gold edged up on Friday on hopes that a US stimulus package would eventually be passed, boosting the metal’s appeal as an inflation hedge, though a stronger dollar capped gains.
Spot gold rose 0.1% to $1,906.29/oz by 4.05am GMT, after slipping more than 1% in the previous session. Bullion is up 0.4% this week. US gold futures rose 0.2% to $1,907.50/oz...
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