Singapore: Gold held steady on Monday as investors prepared for a key week for the global economy ahead of the U.S. presidential election and the likelihood of another rate cut by the Federal Reserve. Spot gold edged up by 0.2% to USD 2,741.63 per ounce as of 0523 GMT. Bullion hit a record high of USD 2,790.15 on Thursday. U.S. gold futures were steady at USD 2,750.60. According to Bahrain News Agency, the dollar index was down 0.5%, holding close to a near 2-week low hit in the previous session. A weaker dollar makes gold more appealing for other currency holders. Among other metals, spot silver rose 0.7% to USD 32.66 per ounce, after hitting a more than 2-week low earlier in the session. Platinum gained 0.7% to USD 998.90, while palladium climbed 1.5% to USD 1,113.68.
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