PRECIOUS-Gold edges up as second-wave fears counter firm dollar

PRECIOUS-Gold edges up as second-wave fears counter firm dollar

* Rise in Asian physical demand to further support gold – analyst * Chinese car sales to buoy platinum, palladium – analysts * Interactive graphic tracking global spread of coronavirus: here (Updates prices) By Asha Sistla Oct 26 (Reuters) – Gold edged up on Monday as growing fears over a second COVID-19 wave countered a firmer dollar and a lack of headway on a U.S. stimulus package to combat the economic impact of the pandemic. Spot gold was 0.1% higher at $1,902.06 per ounce by 1221 GMT, regaining some ground after earlier falling to its lowest since Oct. 15, at $1,890.19. U.S. gold futures were flat at $1,904.30. "What’s significant is the fact that yes, we have opened lower, but we’re actually pulling off the lows of the day. There was always this possibility that we were going to get a second (COVID-19) wave, and obviously that is a […]

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