Gold gains as U.S. jobs data, virus fears fuel stimulus hopes
2020-11-26T07:43:19+00:00
Shafaq News/ Gold prices rose on Thursday, aided by a weaker dollar, as investors bet that grim U.S. jobs data and surging COVID-19 cases worldwide would spur authorities to announce further stimulus measures.
Spot gold rose 0.2% to $1,810.05 per ounce by 0710 GMT.
U.S. gold futures were up 0.1% at $1,807.80.
The dollar index edged down 0.1% on Thursday strengthening gold's appeal to other currency holders.
Gold is seen as a hedge against inflation likely to result from large stimulus.
Silver rose 0.3% to $23.38 an ounce, Platinum gained 0.4% to $967.15 and palladium was 1.2% higher at $2,368.68.
