Gold trading rose again to $ 1,990 per ounce after being driven by the depreciation of the US dollar.
The gold spot soared and traded hovering around $ 1,883 per ounce, while gold futures rose $ 1,888 per ounce (12.20pm Malaysian time).
The greenback dollar once again declined against its major currency rivals trading at 94.19, down from a two-month high after the US stock market showed a rebound during the New York session.
Also in favor of gold commodity trading is the confidence that an agreement in negotiations on a new US coronavirus stimulus package will be reached.
House of Representatives Speaker Nancy Pelosi yesterday announced that Democratic policymakers have launched the $ 2.2 trillion stimulus bill. However, there is no further explanation as to when the voting session will take place.
Meanwhile, investors are also taking a cautious approach while waiting for the first presidential election debate between Donald Trump and his main rival Joe Biden which will begin on Tuesday.
