Gold firms on softer dollar, concerns over rising virus cases
Gold prices edged higher on Wednesday, supported by a softer dollar, while concerns about surging COVID-19 cases in the United States and logistical challenges over the mass roll-out of a potential vaccine further bolstered the metal`s appeal.
Spot gold fell 4.6% on Monday, its biggest daily fall since Aug. 11, after drugmaker Pfizer said its COVID-19 vaccine was more than 90% effective based on initial trial results, boosting risk appetite.