U.S. Stimulus Keeps Gold Prices Lower – 22 April, 2020

U.S. stimulus measures helped gold prices remain above $1,700 per ounce despite the precious metals stabilizing after a nearly 2% gain the previous session. U.S. gold futures slipped 0.3% to $1,733.40 per ounce, while spot gold prices dipped 0.3% to $1,707.76 per ounce. The demand for the dollar helped the currency reach a two week high which in turn made the commodity more costly for investors using other currencies. Prices are helped by the U.S. stimulus as it increases fiscal debts in the country, as well as low interest rates.