Gold steadies as prospects of huge US relief aid outweigh stronger dollar
Greenback’s run has more to do with safe haven than a discernible pivot to a stronger currency, analyst says
18 January 2021 - 07:43
Bengaluru — Gold prices steadied after dropping to their lowest in 1½ months on Monday, as prospects of a huge US coronavirus relief aid outweighed a stronger dollar and lifted bullion’s appeal as an inflation hedge.
Spot gold was steady at $1,826.79 per ounce by 5.49am, after having dropped to its lowest since December 2, 2020 at $1,809.90 earlier in the session. US gold futures eased 0.2% to $1,826.60...
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