Gold dips on US stimulus uncertainty
US treasury secretary Steven Mnuchin calls for funds allocated to Treasury to instead be available for Congress to reallocate
20 November 2020 - 08:26
Bengaluru — Gold prices fell on Friday after US treasury secretary Steven Mnuchin called for an end to some of the Federal Reserve’s pandemic lending, sparking uncertainty about stimulus programmes that have played a key role in reassuring financial markets.
Spot gold slipped 0.2% to $1,864.54/oz by 3.59am GMT and was headed for a second week of decline. US gold futures were up 0.1% at $1,863.80/oz...
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