Stimulus Talks Help Boost Gold – 16 December, 2020

Progress in a U.S. fiscal stimulus deal weighing heavy on the dollar gave room for gold which settled near a one-week high. U.S. gold features were 0.5% higher at $1,868.20, while spot gold was steady at $1,863.89 per ounce after hitting a one-week high earlier at $1,867.19. A $900 billion COVID-19 aid bill and extended unemployment benefits is currently being negotiated by U.S. lawmakers, which is likely to include stimulus checks at roughly $600-$700. Bitcoin hit a new record, trading over $20,000 for the first time when it reached $22,181 overnight.