KONTAN.CO.ID - TOKYO. Gold prices were little changed on Wednesday, staying above the $1,900-mark, as uncertainties about U.S. elections and surging global COVID-19 cases countered pressure from a firmer dollar and fading hopes of an immediate U.S. stimulus package. Wednesday (28/10) at 11.00 WIB, spot gold was steady as $1,906.15 per ounce. U.S. gold futures were down 0.3% at $1,907.10 per ounce. "Investors need a reason to buy more gold and the reason to buy gold will come from a policy signal," said Stephen Innes, chief global market strategist at Axi.
Gold steady as coronavirus, U.S. elections uncertainty loom
KONTAN.CO.ID - TOKYO. Gold prices were little changed on Wednesday, staying above the $1,900-mark, as uncertainties about U.S. elections and surging global COVID-19 cases countered pressure from a firmer dollar and fading hopes of an immediate U.S. stimulus package. Wednesday (28/10) at 11.00 WIB, spot gold was steady as $1,906.15 per ounce. U.S. gold futures were down 0.3% at $1,907.10 per ounce. "Investors need a reason to buy more gold and the reason to buy gold will come from a policy signal," said Stephen Innes, chief global market strategist at Axi.