Gold steady as virus cases mount; firm dollar caps gains

Gold steady as virus cases mount; firm dollar caps gains

Gold steady as virus cases mount; firm dollar caps gainsU.S. gold futures were mostly unchanged at $1,736.30. Beijing officials reported several new COVID-19 cases for the sixth consecutive day, while new infections hit record highs in six U.S. states on Tuesday. Geopolitical tensions and additional stimulus measures from global central banks also offered some support to the safe-haven, which often used as a safe store of value during times of political and financial uncertainty.