Gold jumped over 1% on Monday as a retreat in U.S. Treasury yields pushed investors to bullion again as a refuge from inflation following the passage of a $1.9 trillion U.S. stimulus package.
Spot gold was up 0.8% to $1,746.46 per ounce at 1033 GMT, after rising as much as 1.5% to $1,759.53 earlier in the session.
U.S. gold futures rose 0.8 % to $1,742.60 per ounce.
Gold rebounds on U.S. stimulus, softer yields
- by: Reuters Staff
- March 01, 2021
- Source:
DYNAMIC WEALTH RESEARCH
- 10/27/2022
American Buffalo Gold Proof Coin by Eric Golub is licensed under CC BY 2.0
American Buffalo Gold Proof Coin by Eric Golub is licensed under CC BY 2.0
