Gold Inches Higher On Subdued Dollar; Donald Trump-Joe Biden Debate In Focus…..GOLD NEWS UPDATE BY MOONCOMMODITY.COM

Gold edged up on Monday as the dollar slipped off a two-month peak it hit last week, due to caution as political uncertainty built ahead of the first presidential election debate between U.S. President Donald Trump and his Democratic rival Joe Biden.

Spot gold rose 0.1% to $1,861.02 per ounce by 0326 GMT.

U.S. gold futures were down 0.1% at $1,863.70.

“Gold is going to be driven by the tenor of the U.S. dollar,” said Stephen Innes, chief market strategist at AxiCorp.