Gold Fluctuates With Traders Watching Dollar, Stimulus Talks
- Gains in dollar index level off near a one-week high
- Talks on U.S fiscal stimulus were expected on Thursday
A Pamp SA hallmark sits on Swiss-made one kilogram gold bars on display at the Precious Metals Exchange (SGPMX) at Le Freeport in Singapore.
Photographer: Wei Leng Tay/BloombergThis article is for subscribers only.
Gold swung between gains and losses as traders assessed a rising dollar and fading chances for a U.S. fiscal stimulus package.
The Bloomberg Dollar Spot Index rose as much as 0.6%, with investors turning to the currency as a haven amid a surge in coronavirus cases. Germany, Italy and the Czech Republic posted record increases in virus cases, while Paris is set for a curfew and Londoners will be banned from mixing with other households indoors.