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.