Gold prices rose today as investors continue to worry about the US presidential elections, the increase in COVID-19 cases, and economic concerns have exacerbated due to the renewed isolation measures in some countries.

Spot gold rose 0.5 percent to $ 1886.66 an ounce, by 10:18 GMT, while US gold futures rose 0.4 percent to $ 1887.60 an ounce.

Market analyst Craig Erlam said, "We see only slight gains (for gold) and this is not surprising. This week is driven by an important event ... the elections, of course," adding that gold may witness some fluctuations in prices on the day of the American elections.

Gold prices fell 1.2 percent in the past week.

The dollar, which is usually considered a safe haven competing with gold, rose 0.1 percent against a basket of currencies.

Source: "Reuters"

By:Nadeemy Haded