Nov 9 (Reuters) - Gold prices edged higher in early Asian trade on Monday, propped up by a weaker dollar and hopes of more stimulus measures under U.S. President-elect Joe Biden.
* Spot gold
* U.S. gold futures
* The dollar index was hovering near a more than two-month low. [USD/]
* Biden and his advisers are working on plans to tackle the crises facing a divided America, first and foremost the raging pandemic, a day after the Democrat won enough states to clinch the U.S. presidency.
* A potentially divided U.S. government with Republicans in control of the Senate may mean a smaller fiscal stimulus package, but that could put the spotlight on the Federal Reserve to do more to revive the economy.
* Gold tends to benefit from widespread stimulus as it is considered a hedge against inflation.
* Labour Department's employment report on Friday showed the U.S. economy created the fewest jobs in five months in October and more Americans are working part time.
* Global COVID-19 infections exceeded 50 million on Sunday, according to a Reuters tally.
* Significant differences remain in talks over a trade deal between Britain and the European Union, both sides said, as they promised to step up efforts to find an agreement.
* Holdings in SPDR Gold Trust
* Speculators cut their net long position in COMEX gold by 9,657 contracts to 121,951 in week to Nov. 3, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
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