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PRECIOUS-Gold edges up as weaker dollar offsets news on Trump's progress

    * Dollar index down 0.2%
    * Trump could be discharged as soon as Monday
    * Euro zone's economic recovery faltered in Sept.
    * Interactive graphic tracking global spread of coronavirus:
here

 (Updates prices)
    By Sumita Layek
    Oct 5 (Reuters) - Gold inched up on Monday as the dollar
weakened, although gains were limited as news that U.S.
President Donald Trump, who is receiving treatment for COVID-19,
could be released from hospital boosted risk sentiment.
    Spot gold        was up 0.1% at $1,899.86 per ounce at 1130
GMT. U.S. gold futures        were down 0.2% at $1,903.70.
    "There are two opposing forces at work in the gold market,
on the one hand we've the perception that the U.S. president is
doing better and that he may be released from the hospital today
and that's driving positive risk sentiment," said UBS analyst
Giovanni Staunovo.
    And, on the other hand, "we see the dollar has started to
weaken again and this is offsetting the losses from the risk-on
sentiment," he added.
    Global stocks rose on Monday after news that Trump could be
discharged from hospital as soon as Monday, although outside
experts warned that his case may be severe.            
            
    The dollar        was down 0.2% against rivals, making gold
cheaper for holders of other currencies.       
    Meanwhile, reinforcing the economic damage from the
coronavirus, data showed the euro zone's economic recovery
faltered in September.             
    Investors are now focused on new U.S. coronavirus relief aid
aimed at cushioning the economic blow from the pandemic.
                         
    "There is need for new stimulus measures to rally (gold)
prices. Without this mojo, there are signs of fatigue creeping
into precious metals," Avtar Sandu, a senior commodities manager
at Phillip Futures, said in a note.
    Gold has risen about 25% this year, supported by massive
stimulus by governments and central banks worldwide as the metal
is seen as a hedge against inflation and currency debasement.
    Among other metals, silver        gained 0.8% to $23.89 per
ounce, platinum        eased 0.3% to $879.79 and palladium
       climbed 0.8% to $2,325.85.

 (Reporting by Sumita Layek in Bengaluru; Editing by Susan
Fenton and Mark Potter)
  
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