Gold rises as new infection wave ups hopes of more stimulus steps and lower rates
Environment of low interest rates, accommodative fiscal policies and high inflation will persist, analyst says
Bengaluru — Gold prices rose on Monday, holding above the key $1,700 per ounce support level, as a new wave of coronavirus infections in some countries raised expectations of further stimulus measures and lower interest rates.
Spot gold gained 0.5% to $1,708.75 per ounce by 5.25am, having lost about 1% in the previous session. US gold futures eased 0.1% to $1,711.70...