Gold gains as stimulus takes toll on dollar
Bullion rises as the expectation for US stimulus bolsters the metal’s appeal as an inflation hedge
20 January 2021 - 08:27
Bengaluru — Gold prices rose on Wednesday as the expectation for US stimulus to help the world’s largest economy recover from the coronavirus jolt bolstered bullion’s appeal as an inflation hedge and pressured the dollar.
Spot gold gained 0.5% to $1,848.30/oz by 2.39am GMT. US gold futures added 0.4% to $1,847.30...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.