Gold was down on Tuesday morning in Asia as the U.S. dollar rose, however, its fall was lessened by the continuing COVID-19 uncertainty. Gold futures edged down 0.14% to $1,931.45 by 12:37 AM ET (5:37 AM GMT) after a peak of $1,945.90 the previous day and looked likely to continue falling. The fall appears to be due to the stronger dollar, which rose as traders anticipate the European Central Bank’s latest policy decisions, due Thursday, and digested heightened concerns over the pound due to new Brexit uncertainties after a combative statement from U.K. Prime Minister Boris Johnson. The ongoing major contraction in … (full story)
