Gold rises in price ahead of US presidential debate

Gold rises in price ahead of US presidential debate

Gold rises in price ahead of US presidential debate

(Reuters) – Gold peaked in nearly a week on Tuesday on a weakening dollar as investors awaited the first US presidential debate and further developments over a new bailout bill.

The spot price of gold rose 0.2% to $ 1.883.7 per troy ounce by 13:34 Moscow time, having previously climbed to $ 1.886.86.

“We may see some strengthening (of gold) in the medium term, but sentiment does seem to have shifted a bit downward,” said Michael Hewson, principal market analyst at CMC Markets UK.

Palladium fell 0.1% to $ 2,252.90 an ounce, while silver added 0.1% to $ 23.74 an ounce. The platinum price dropped 0.1% to $ 877.9.

(Nakul Iyer in Bangalore. Translated by Olga Beskrovnova. Editor Marina Bobrova)

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