* Dollar hits near one-week high * Equities hit by halted vaccine trials, stimulus talks impasse * Interactive graphic tracking global spread of coronavirus: here (Updates prices) By Brijesh Patel Oct 14 (Reuters) - Gold prices rose on Wednesday after the last session's sharp drop spurred demand for the safe-haven metal from investors worried about global economic recovery and uncertainty surrounding next month's U.S. presidential election. Spot gold was up 0.4% to $1,899.11 per ounce by 1150 GMT, after shedding as much as 1.9% on Tuesday in reaction to the dollar's jump. U.S. gold futures rose 0.5% to $1,903.60. "We're seeing some price recovery as lower prices generated buying interest by investors since the general backdrop of gold is still positive," said Commerzbank analyst Carsten Fritsch. "Low interest rates, expansion of monetary policy, ballooning public debt, uncertainty regarding U.S. elections; all these factors are supportive for gold prices," he added. Gold is considered a hedge against inflation and currency debasement amid the unprecedented levels of global stimulus to ease the economic blow from the pandemic. But investors who trim risk assets also tend to shift into the dollar and fading hopes for a new coronavirus relief package in the United States and a pause in key COVID-19 vaccine trials boosted the U.S. currency's appeal, limiting gold's advance. The dollar hit a near one-week high against major currencies. "In the near term, the dollar could continue to rise both because of risk aversion because stimulus seems to be stuck and also because of (company) earnings forward guidance," said DailyFx currency strategist Ilya Spivak. Investors also kept an eye on the U.S. presidential campaign, with polls showing Democrat rival Joe Biden leading the race. On the technical side, "bullion will need to break through $1,920 to have the chance to once again challenge the psychological threshold of $2,000," ActivTrades chief analyst Carlo Alberto De Casa said in a note. Elsewhere, silver rose 0.1% to $24.20 per ounce, platinum gained 0.4% to $868.35 and palladium climbed 1.5% to $2,349.43. (Reporting by Brijesh Patel in Bengaluru Editing by Tomasz Janowski and Bernadette Baum)
Our Standards: The Thomson Reuters Trust Principles.