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Gold futures edge down as dollar strengthens

26 Oct 2020 Evaluate

Gold futures edged down on Monday as dollar strengthened against its peers, makes dollar-denominated metals more expensive for holders of other currencies. Further, lack of progress in the new US corona virus stimulus package too weighed on gold prices.

Gold futures for December delivery were down 0.3% at $1,899.30 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.1% to $1,898.28 per ounce.