Gold prices fall amid uncertainty over U.S. election debate

28.09.2020 - Kulakov Vladimir
Gold prices fall amid uncertainty over U.S. election debate

Gold futures lost 0.05%, trading at $1,865.30 per ounce at 12:09 PM ET (4:09 AM GMT). Meanwhile, the U.S. Dollar also traded lower with stocks gaining in Asia on Monday.

Apart from the debate between Trump and Biden, investors are also looking if the U.S. Congress will reach an agreement on its latest stimulus package, with House Speaker Nancy Pelosi remaining optimistic that the Democrats and Republicans could reach a deal soon

Investors are also awaiting a slew of data by the end of September, with China due to release its manufacturing and non-manufacturing MPIs, as well as the Caixin manufacturing on Wednesday.

Meanwhile, the U.S. is also expected to release economic data with September’s Conference Board consumer confidence index on Tuesday and the Institute of Supply Management (ISM) Manufacturing PMI on Thursday.

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