Gold rises on US stimulus packages and the Fed’s accommodative stance
Gold rises on US stimulus packages and the Fed’s accommodative stance
Gold rose on Friday as prospects for a major US pandemic relief plan bolstered the metal’s appeal as an inflation hedge, while the Federal Reserve’s accommodative monetary policy also supported the prices. Spot gold rose 0.2% to $ 1,850.16 an ounce at 7:15 a.m. GMT, while US gold futures fell 0.2% to $ 1,848.60. “The […]
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