⁍ Gold fell to an over one-week low on Monday.

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⁍ The dollar firmed and talks about the new U.S. coronavirus aid package showed no signs of progress.

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⁍ Analysts say a victory for Democrat rival Joe Biden could help gold rally on the back of a potential large stimulus package.

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– Gold prices fell to an over one-week low on Monday, as the dollar firmed and talks about the new US coronavirus aid package showed no signs of progress. Spot gold fell 0.1% to $1,898.28 per ounce by 0347 GMT, after hitting $1,890.19, its lowest since Oct. 15. US gold futures were down 0.3% at $1,899.30. “In the near-term, there seems to be a lack of impetus to find extra buyers,” an analyst tells Reuters. “A lot of it is because we’re trading in the looming shadow of the US elections and stimulus speculation.”