Gold ticks up on softer dollar, coronavirus woes

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016.

Dario Pignatelli | Bloomberg | Getty Images

Gold prices gained in early Asia trade on Tuesday, supported by a weaker dollar and concerns stemming from the surging coronavirus spread globally and its economic fallout. Fundamentals

Spot gold rose 0.3% to $1,907.77 per ounce by 0116 GMT.U.S. gold futures were up 0.2% at $1,909.20.The dollar index slipped 0.1% against a basket of currencies, making gold cheaper for holders of other currencies.The United States, Russia, France and many other countries are setting records for coronavirus infections as a tidal wave of cases washes over parts of the Northern Hemisphere, forcing some countries to impose new curbs.U.S. House of Representatives Speaker Nancy Pelosi is hopeful that congressional Democrats and the Trump administration can reach agreement on the coronavirus relief bill before […]

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