Gold is stable as economic worries over viral outbreak offset trade optimism

Gold is stable as economic worries over viral outbreak offset trade optimism

Gold prices were largely unchanged on Wednesday, as concerns about the global economic outlook over rising COVID-19 cases offset a rise in risk sentiment induced by signs of progress in trade talks between the United States and China.

FUNDAMENTALS

Spot gold was flat at $ 1,927.26 an ounce at 0037 GMT.

US gold futures rose 0.5% to $ 1,933.60.

Senior U.S. and Chinese trade officials reaffirmed…

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