Gold steadies as investors await stimulus – GulfToday
- Date: 12-Dec-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:Middle East
Gold steadies as investors await stimulus – GulfToday
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Gulf Today Report
Gold prices remained steady on Thursday as US fiscal stimulus is still being negotiated.
Spot gold was steady at $1,839.54 per ounce by 04:44 GMT, after slipping as much as 2.5% on Wednesday. US gold futures gained 0.2% to $1,843.00.
Lachlan Shaw, National Australia Bank's head of commodity research said gold is struggling due to lawmakers' indecisiveness on awaited US fiscal stimulus.
The US House of Representatives has given a go-ahead for the extension of federal government funding, stretching the time left for approval of a coronavirus relief package.
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