PRECIOUS-Gold slips as dollar stems declines; election uncertainty caps losses

PRECIOUS-Gold slips as dollar stems declines; election uncertainty caps losses

(Updates prices) * Silver up 1.5% this week * Dollar set to fall about 1% for the week * Interactive graphic tracking global spread of coronavirus: here By Asha Sistla Oct 23 (Reuters) – Gold eased on Friday as the dollar recouped some losses, but uncertainty going into the Nov. 3 U.S. elections limited bullion’s losses. Spot gold fell 0.1% to $1,903.07 per ounce by 2:06 p.m. EDT (1806 GMT). U.S. gold futures settled unchanged at $1,905.20. "Gold’s moves are really mirroring the dollar at this point," said Tai Wong, head of base and precious metals derivatives trading at BMO. Gold is in a "restive" $1,890-$1,930 range with any dips to the bottom being lapped up, he added. "The initial pop in gold (and slightly lower dollar) was due to the results of the last presidential debate not likely to make a difference in the election outcome, with (Democratic […]

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