Gold trading again recorded a slight rise after the US dollar began to pull back from a two-month high against major currencies.
The precious metal rose around the $ 1,870-ounce price level, while gold futures traded at $ 1,873 per ounce (3.05pm Malaysian time).
This is supported by investor confidence in the new fiscal stimulus after Democrats in the US House of Representatives reportedly are working on a $ 2.2 trillion coronavirus stimulus package to be voted out next week.
However, there is still uncertainty about the stimulus package being worked on as previous negotiations have also stalled due to misunderstandings between the Democratic Party and the Republicans.
In fact, there are rumors that any new stimulus package will not be approved before the November 3 presidential election.
Meanwhile, Federal Reserve policymakers, including Jerome Powell, who made many public appearances this week, continue to ask the U.S. government to provide more financial support to support the country's economy.
Meanwhile, the total US unemployment interest claims issued last night continued to record high last week, proving that the recovery in the job market is still slow.
