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Gold Price Analysis: XAU/USD teases $1,888 hurdle on the way to $1,907 – Confluence DetectorNEWS |
12/30/2020 4:13:45 AM GMT
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By Anil Panchal
Gold prices remain positive for the second consecutive day, currently up 0.27% intraday to $1,884, during the early Wednesday. The yellow metal recently benefited from the broad US dollar weakness amid uncertainty over the American coronavirus (COVID-19) aid package and first case of the covid variant in Colorado.
Following the initial drama over blocking the $2,000 paycheck, Senate Majority Republican Leader Mitch McConnell put forward the much-awaited stimulus bill while adding legislation about social media companies and election fraud studies to the proposal for votes.