The start of trading earlier this week showed gold trading stable as markets expected more stimulus measures to be taken to address the impact of the coronavirus on the economy.
At the beginning of the European session, the precious metal traded hovering around the price level of $ 1,859 per ounce while gold futures fell to $ 1,861 per ounce (3.30pm Malaysian time).
The first debate between the two main presidential candidates, Donald Trump and Joe Biden, scheduled to take place on Tuesday, is now the main focus of investors while political uncertainty continues to push the market to stay alert.
Meanwhile, market attention is also focused on the development of a new coronavirus stimulus plan proposed by Democrats worth $ 2.2 trillion.
U.S. House of Representatives Speaker Nancy Pelosi expressed confidence that an agreement on the plan could be reached with the White House and talks between the two parties were said to be ongoing.
Gold prices have so far fallen by more than 10% from their all-time high of $ 2,075 per ounce since early August due to the rising US dollar.
