Gold prices surged early today as confidence that U.S. legislators could strike an agreement on a pre-election coronavirus support package constrained the famous safe-haven dollar and reinforced the precious metal’s attractiveness as an inflation hedge.
Spot gold increased 0.6% to $1,917.76 per ounce, having earlier scored a 7-day top. U.S. gold futures were higher 0.4% at $1,922.80.
U.S. stock futures looked positive
Daily Analysis - 21/10/2020