Gold gains as dollar slides on hopes of fiscal stimulus
Spot gold climbs 0.9% as President Donald Trump says there is a good chance a deal over Covid-19 relief could be reached
09 October 2020 - 08:05
Gold prices rose 1% on Friday, supported by a weaker dollar and optimism over a new US coronavirus relief package after President Donald Trump said talks with Congress had restarted.
Spot gold gained 0.9% to $1,910.96/oz by 3.10am GMT. It was up 0.7% for the week. US gold futures were up 1.2% at $1,916.90/oz. The dollar index, which was down 0.2% against its rivals, was headed for a second straight weekly fall...
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