PRECIOUS-Gold ticks higher on softer dollar, mounting virus woes

Credit: REUTERS/Neil Hall Nov 16 (Reuters) – Gold prices inched up on Monday helped by a softer dollar and mounting coronavirus cases in the United States that escalated concerns of the pandemic’s impact on the pace of economic recovery.

FUNDAMENTALS

* Spot gold was up 0.1% to $1,888.91 per ounce by 0042 GMT.

* U.S. gold futures were up 0.1% at $1,888.30.* The dollar index was down 0.1%, while Asia’s stock markets opened higher on vaccine optimism. [USD/] [MKTS/GLOB]* U.S. President-elect Joe Biden’s top advisers called for urgent action to address the nation’s "deeply alarming" COVID-19 crisis on Sunday, while the number of infection cases in the United States crossed the 11-million mark.* U.S. consumer sentiment fell unexpectedly in early November as households worried about their finances, the resurgent pandemic and the depleted fiscal stimulus, dimming the economy’s outlook.* President Donald Trump on Sunday briefly acknowledged losing the U.S. election in a […]

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