Gold futures traded lower earlier in the week following the resurgence of the US dollar amid a lack of progress in US stimulus package negotiations.
The gold spot traded down $ 1,897 per ounce after hitting a one-week low of $ 1,890 during the Asian session. Meanwhile, gold futures traded at $ 1,898 per ounce (3.00 pm Malaysian time).
The dollar index, which measures the strength of the greenback dollar against a basket of major currencies, gained 0.2% at 92.93.
On Sunday, U.S. House of Representatives Speaker Nancy Pelosi said the Trump administration was reviewing its latest COVID-19 stimulus plan and he expected a response from the White House on Monday.
The increase in cases of Covid-19 infection in the United States reinforces the need for greater stimulus to be launched.
According to Johns Hopkins University, new cases of coronavirus in the United States exceeded 83,000 on Fridays and Saturdays, exceeding the highest record recorded in July of 77,300 cases.
White House chief of staff Mark Meadows told Sunday that the United States would not be able to control the outbreak amid a spate of new cases.
