PRECIOUS-Gold inches up on muted dollar, mounting virus cases

PRECIOUS-Gold inches up on muted dollar, mounting virus cases

* Curbs tighten in many U.S. Midwest states after virus cases rise * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa (Adds comments, updates prices) By Eileen Soreng Nov 11 (Reuters) – Gold edged up on Wednesday, buoyed by a softer dollar as investors weighed the logistical challenges surrounding the mass roll-out of a potential COVID-19 vaccine, with a surge in new infections boosting bets of further economic support. Spot gold rose 0.1% to $1,878.54 per ounce by 0721 GMT. U.S. gold futures were little changed at $1,876.40. The dollar index was down 0.1%, making gold more attractive to holders of other currencies. "Coronavirus cases continue to rise in U.S. and Europe and we will require further monetary and fiscal measures… In that sense, the overall backdrop for gold has not turned negative," said Harshal Barot, senior research consultant for South Asia at Metals Focus. "But since risk sentiment […]

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