Gold Lingers Around $1900 In Asia

Published on Oct 15, 2020 11:40

Gold saw some buying around one week low as traders eyed developments on the US fiscal stimulus bill and a bounce in crude oil prices. US stocks slipped as stimulus remained in a limbo and investors braced for third quarter earnings. The Gold traders also eyed the rising Coronavirus cases in Europe. The commodity slipped today though and currently trades at $1900 per ounce, down 0.37% on the day. Gold traders also focussed on reports that Johnson & Johnson has paused a late-stage trial of its Covid-19 vaccine candidate due to an unexplained illness in a study participant. .