Fear of High, Gold Falls Originally

 Gold fell again at the start of trading earlier in the week when US President Donald Trump's health stage reportedly improved after he was confirmed positive for Covid-19 on Friday.


The precious metal shrank to $ 1,892 an aun from the highest tranche of $ 1,916 per aun it achieved as well as Trump's only legalizing he had Covid-19. Meanwhile, trade in front of gold is also set low at $ 1,898 per auns (12.05 midday Malaysia time).


At the end of the week, Trump's doctor told him that the president was getting better and might be justified in being discharged from the hospital as soon as possible today following treatment since last Friday.


However, even though sentiment has returned to positive, the uncertainty over political uncertainty in the United States has persisted and this has limited the decline in the commodity's trade.



Meanwhile, investors continued to target their attention to developments in negotiations over a new US stimulus package, in which House of Representatives Speaker Nancy Pelosi and Setiausaha Treasury Steven Mnuchin are still trying to reach an agreement.


In addition, the issuance of the US Federal Reserve and European Central Bank (ECB) oil ministries reports also became the focus of the market this week.