Gold prices erased earlier losses and edged higher on Monday as the dollar retreated from a two-month peak ahead of the US presidential debate this week. However, a rebound in the equities market capped bullion’s gains during the session.
Spot gold rose 0.6% to $1,872.30 per ounce by noon EDT, after falling to as low as $1,850.20 per ounce earlier. US gold futures were also up 0.5% to $1,875.60 per ounce in New York.
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