Gold edges up as U.S. dollar retracts
Shafaq News/ Gold edged higher on Wednesday as the U.S. dollar and Treasury yields pulled back, and the prospect of massive U.S. fiscal stimulus boosted the metal's appeal as an inflation hedge.
Spot gold rose 0.2% to $1,859.20 per ounce by 07:53 GMT, while U.S. gold futures gained 0.8% to $1,858.
silver dipped 0.2% to $25.52 an ounce, platinum rose 0.3% to $1,079.34 and palladium climbed 0.2% to $2,395.79.
U.S. President-elect Joe Biden said he would unveil on Thursday a plan to inject the virus-hit economy with "trillions" of dollars in relief measures.
Gold prices drop as US dollar rises
Date: 2020-08-19 07:30:35
Gold surges as COVID-19 cases rise globally
Date: 2020-12-15 10:08:45
Gold prices rise within a narrow trading range
Date: 2020-09-22 08:51:32
Gold prices rise after Biden's win
Date: 2020-11-09 08:21:21
Iraq in the 5th place on the list of countries with the largest gold reserves
Date: 2020-08-19 08:18:09
Gold rises despite Trump stimulus threat as dollar weakens
Date: 2020-12-23 10:10:12
Gold touches six-week low
Date: 2020-09-23 09:04:59
Gold rises as softer dollar, stimulus hopes outweigh vaccine optimism
Date: 2020-11-23 08:23:04
We're sorry but Shafaaq website doesn't work properly without
enabled. Please enable it to continue.