Gold and Bitcoin on Track For Weekly Gains – 3 December, 2020

Gold was on track for its first weekly gain while the dollar was pressured by growing optimism over a U.S. stimulus deal, boosting the metals appeal. U.S. gold futures were 0.4% higher at $1,847.90, while spot gold was 0.2% higher at $1,843.99 per ounce. Experts have remained cautious, however, warning that a quick economic recovery and inflation overestimations might trigger the U.S. Federal Reserve into pausing stimulus talks, thus strengthening the dollar. In cryptocurrencies, bitcoin was trading at $19,300, having soared roughly 170% this year, climbing 40% in the last month alone.