Gold climbs slightly higher on new virus strain fears
Spot gold rises 0.4% to $1,882.94/oz after slipping as much as 1.3% in the previous session
22 December 2020 - 07:56
Bengaluru — Gold prices gained on Tuesday as approval by US Congress of a $900bn coronavirus aid package boosted the metal's appeal as an inflation hedge, while a new coronavirus strain in the UK lent further support.
Spot gold rose 0.4% to $1,882.94/oz early on Tuesday, after slipping as much as 1.3% in the previous session as the new coronavirus strain rattled markets and investors opted for the dollar. US gold futures rose 0.3% to $1,888.90/oz...
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