PRECIOUS-Gold-Gewinne aufgrund von Virusängsten, starke Gewinne bei Dollar-Caps

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    * Stocks dip on surging virus cases
    * Platinum down more than 3%
    * Interactive graphic tracking global spread of coronavirus:
here

 (Updates throughout, adds comment)
    By Brijesh Patel
    Oct 26 (Reuters) - Gold rose on Monday, supported by worries
over a spike in COVID-19 cases and uncertainty surrounding next
month's U.S. presidential election, though a stronger dollar
limited the metal's advance.
    Spot gold        was up 0.2% at $1,905.26 per ounce by 10:46
a.m. EST (1446 GMT), while U.S. gold futures        were up 0.1%
at $1,907.10.
    "Gold has been trapped between $1,930 - $1,880. It is
waiting to take cues from the election and there's this
resurgence of the pandemic," said Phillip Streible, chief market
strategist at Blue Line Futures in Chicago.
    "But the dollar index is up today, (and) has a strong
inverse correlation to gold," he added.
    A spike in new infections weighed on risk sentiment among
investors as cases touched record levels in the United States.
In Europe, Italy and Spain imposed new restrictions.
                                    
    U.S. House Speaker Nancy Pelosi on Sunday said the Trump
administration was reviewing the latest plan for more COVID-19
relief, and she expected a response on Monday.             
    "Overall bullish sentiment remains strong and deep, with a
view that more stimulus will be coming and that it is really
only a matter of time," said Tai Wong, head of base and precious
metals derivatives trading at BMO.
    "As a result we continue to see demand for gold on dips."
    Gold tends to benefit from widespread stimulus measures from
central banks because it is widely viewed as a hedge against
inflation and currency debasement.
    However, safe-haven gains for the U.S. dollar limited gold's
appeal, as the dollar index        rose 0.3% against its rivals,
making gold more expensive for holders of other currencies.
      
    Elsewhere, silver        slipped 0.6% to $24.44 per ounce,
palladium        fell 1.4% to $2,360.62 and platinum        shed
3.2% to $872.71.     

 (Reporting by Brijesh Patel in Bengaluru; Editing by Jan
Harvey)
  

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