Global Gold prices held steady on Tuesday as dollar retreated

Global Gold prices held steady on Tuesday as the U.S. dollar fell from a two-month high, with investors looking forward to the first U.S. presidential debate and developments on a new U.S. coronavirus relief bill

Spot gold little changed at $1,880.01 per ounce by 0517 GMT. Prices rose 1.1% in the previous session, its biggest one-day gain since late August. U.S. gold futures  were up 0.2% at $1,885.50.

The dollar index was tepid, drifting away from a two-month high of 94.745 reached last week.

Gold, viewed as a hedge against inflation and currency debasement, has risen over 20% this year, mainly supported by unprecedented stimulus measures by governments and central banks worldwide to revive their coronavirus-battered economies.

Elsewhere, silver dropped 1% to $23.49 per/ounce, platinum eased 0.3% to $876.47, while palladium       gained 0.4% to $2,263.97.