(Reuters) - Gold prices rose on Tuesday as a weaker dollar and a fresh wave of coronavirus infections threatened to further slow down a global economic recovery from the COVID-19 pandemic, bolstering bullion’s safe-haven appeal.
Gold declined to trade near $1,900 an ounce as investors weighed fading prospects for a U.S. stimulus deal, while the country reported record coronavirus infections for the second day in a row.
Gold edged up on Monday as growing fears
over a second COVID-19 wave countered a firmer dollar and a lack
of headway on a U.S. stimulus package to combat the economic
impact of the pandemic.