Gold prices rose for a second straight day, edging toward $1,900 an ounce, as the safe haven crowd leveraged on uncertainty over the outcome of Tuesday’s U.S. election and an explosion of new Covid-19 cases.
Crude prices received another boost from Mother Nature on Tuesday — their third in six weeks — as Tropical Storm Zeta headed for Louisiana, triggering the shutdown of oil production facilities around the region.
Gold prices rose for a second straight day on Tuesday as speculation that the White House and Congress will reach a deal for a new coronavirus stimulus before the Nov. 3 U.S. election inspired bulls in the yellow metal to chase the market higher again.
Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week's slips.
