Gold is 0.4% higher this morning, as it continues to trade within a month-long consolidation.
House Speaker Nancy Pelosi on Thursday reported progress in talks with the Trump administration for another round of fiscal aid and a deal could be reached "pretty soon". There could also be additional inflows into gold exchange traded funds - often a gauge of investor sentiment - on renewed uncertainties over pandemic-related restrictions and the U.S. election outcome, UBS analysts said in a note. The final debate between U.S. President Donald Trump and his Democratic challenger Joe Biden included contrasting views on the pandemic.
Gold settles lower Thursday, but comments from U.S. House Speaker Nancy Pelosi raised hopes for a deal on another round of coronavirus aid, prompting prices to hold ground above the key $1,900-an-ounce mark.