Gold rises as dollar sags on vaccine rollout hopes
Optimism over a US stimulus deal has also favoured riskier assets
03 December 2020 - 07:49
Bengaluru — Gold rose to an over one-week high on Thursday as the dollar weakened on hopes of coronavirus vaccine rollouts, while investors also weighed the possibility of more US stimulus.
Spot gold rose 0.2% to $1,835.37/oz by 4.02am GMT. US gold futures were up 0.5% at $1,838.60. Optimism over a stimulus deal and vaccine progress favoured riskier assets and pushed the US dollar to a near two-and-a-half-year low...
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