Gold up Despite Stronger USD
Gold was up Friday morning in Asia despite a stronger US Dollar, following presidential debates between Donald Trump and Joe Biden.
Additionally, House of Representatives speaker - Nancy Pelosi remained optimistic that progress was being made in talks with the White House on the subject of a new coronavirus aid package, but Larry Kudlow warned that there were still “significant policy differences” unlikely to be resolved before the election. Jobless claims fell to 787,000 for the past week, against the expected 860,000.
Some investors were bullish, with strong investor demand for gold to keep prices high and offset the possible fall in demand from jewellers and central banks in 2021, Refinitiv Metals Research commented.
Gold was as seen up 0.20% to $1,908.35 by 4:14 AM GMT.
*The products advertised are only available to clients under Fondex Limited Seychelles (SDL No: SD037).
Cookies on Fondex
These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.
You can customize your selection of which cookies you want to accept.
These cookies are necessary for the website to function correctly and cannot be switched off.
Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.