The gold price has edged higher in today’s trading on the back of US dollar weakness, while awaiting a raft of important economic data this week from around the globe.

At 6.52pm (GMT) gold was trading at $1,255 up from $1,250 in yesterday’s trading.

Apart from speeches from the European Central Bank and the Bank of Canada, Investors will focus on the third and final US presidential debate which has caused volatility in gold over the past few months.

A number of Federal Reserve board members are also due to deliver speeches which may shed some light on an expected interest rate hike before the end of the year.

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