Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Gold prices nudged higher, reversing some of its previous session losses amid gloomy economic projections and renewed fears over a second wave in COVID-19 infections. On Thursday, the safe-haven metal rose to an over 1-week peak but closed 0.6 percent low, as downward pressure from a stronger dollar countered rising safe-haven demand.
Spot gold traded 0.3 percent up at $1,732.09 per ounce by 0742 GMT, having touched a high of $1,744.91 on Thursday, its highest since June 2. U.S. gold futures fell 0.4 percent to $1,733.30. Gold has rallied about 19 percent since recording an over 3-month low of $1,451.43 on March 16.
On Wednesday, the Federal Reserve signalled it plans years of extraordinary support for the U.S. economy, which policymakers project will shrink by 6.5 percent in 2020, with the unemployment rate at 9.3 percent. Recent U.S. economic data appeared to support the Fed’s projections, with jobless claims still more than double their peak during the Great Recession and continuing claims at a high 20.9 million.
Asian shares tumble after Wall Street stocks declined over growing concerns about a resurgence in coronavirus infections. According to a Reuters tally, U.S. coronavirus cases surpassed 2 million on Wednesday, and new infections rose slightly after five weeks of declines.
The greenback against a basket of currencies traded 0.1 percent down at 96.73, having touched a low of 95.72 on Wednesday, its lowest since March 10, while the 10-year U.S. Treasury yield edged up slightly to 0.6853 percent.
