Biden’s stimulus plans, Fed’s dovish stance push gold higher
Spot gold rises 0.3% as $1.9-trillion stimulus package proposal is designed to boost US economy
15 January 2021 - 07:52
Gold rose on Friday as prospects of a substantial US pandemic relief package boosted the metal’s appeal as an inflation hedge, while the Federal Reserve’s dovish stance on monetary policy also supported prices.
Spot gold rose 0.3% to $1,851.14/oz by 2.51am GMT, while US gold futures were flat at $1,851.20/oz...
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