Gold benefits from optimism around US stimulus deal
Metal rises amid the hope US legislators can agree on a coronavirus relief package
21 October 2020 - 09:04
Bengaluru — Gold prices rose on Wednesday as optimism that US legislators could reach agreement on a pre-election coronavirus relief package pressured the dollar and bolstered the precious metal’s appeal as an inflation hedge.
Spot gold gained 0.6% to $1,917.76/oz by 3.23am GMT, having earlier hit a one-week high. US gold futures were up 0.4% at $1,922.80...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.