The World Gold Council (WGC) and London Bullion Market Association (LBMA) have announced an economic collaboration aimed at digitizing the global gold supply chain instilling more confidence in the.
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Gold rises on US stimulus cheer, virus fears
Gold rises on US stimulus cheer, virus fears
Spot gold rose 0.4% to $1,882.94 per ounce by 0312 GMT, after slipping as much as 1.3% in the previous session as the new coronavirus strain rattled markets and investors opted for the dollar. US gold futures rose 0.3% to $1,888.90 per ounce. December 22, 2020 10:47:00 am
One kilogramm fine gold bar are pictured in the Pro Aurum KG in Munich, Germany, on Wednesday, July 10, 2019. (Photographer: Michaela Handrek-Rehle/Bloomberg)
Gold prices gained on Tuesday as a US coronavirus aid package set for Senate approval boosted the metal’s appeal as an inflation hedge, while a new coronavirus strain shutting down much of Britain lent further support.