Gold is rising amid a state of caution ahead of the US elections
Gold prices rose today, with investors continuing to worry about the US presidential elections, and an increase in "Covid-19" infections, as well as economic concerns exacerbated by the renewed isolation measures in some countries.
Spot gold rose 0.5% to $ 1886.66 an ounce, while US gold futures rose 0.4% to $ 1887.6.
"We see only slight gains (for gold), and this is not surprising, and this week is driven by an important event ... the elections, of course," said an analyst at Onda, Craig Erlam, adding that gold may witness some fluctuations in prices on election day.
He continued: "We see the cohesion in the moves after gold came under strong pressure last week.
The price of gold, down 1.2%, last week.
The dollar, which is usually considered a safe haven competing with gold, rose 0.1% against a basket of currencies.
Silver rose 1.2% to $ 23.92 an ounce, while palladium rose 0.3% to $ 2217.74, and platinum rose 0.3% to $ 850.14.
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