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The price of gold rose today, Thursday, as the dollar fell and investors bet on more stimulus in the United States, despite President Donald Trump’s threat not to sign an aid package long-awaited linked to the pandemic.
Spot gold rose 0.2% to $ 1,875.20 an ounce, after rising as much as 1% in the previous session. US gold futures rose 0.1% to $ 1,880.
Both the euro and the pound were supported by news that Britain and the European Union were close to a trade deal, which caused the dollar to fall.
The metal, which is considered a safe haven, has also benefited from a faster-spreading strain of Corona virus that has prompted sweeping lockdowns in Britain.
The increased risks caused by the new strain of the virus and the high number of infections in the United States have sparked investor optimism over the US stimulus package, even as Trump threatened not to approve the aid package. ‘about $ 900 billion.
Reuters technical analyst Wang Tao said the metal could move up some resistance to the $ 1,888 per ounce level, only to see a rise thereafter, which could push it to the $ 1,904 level.
As for other precious metals, silver rose 0.6% to $ 25.68 an ounce. And platinum gained 0.5% to reach $ 1,019.59, and palladium rose 0.1% to $ 2,325.55.
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