Gold edged up on Thursday as uncertainty about the U.S. presidential election and bets that fresh stimulus would drive inflation offset investors’ improved appetite for riskier assets.
Spot gold was up 0.1% at $1,889.50 per ounce. U.S. gold futures settled 0.2% higher at $1,895.10.
While there is a “pretty robust increase in risk appetite,” with a firm dollar also weighing, inflation expectations are keeping gold supported, said Bart Melek, head of commodity strategies at TD Securities.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.