Gold Gains On Stimulus Hopes, Covid-19 Concerns
WASHINGTON (dpa-AFX) - Gold prices rose slightly on Wednesday to hover near a one-week high amid growing hopes for further U.S. stimulus and renewed concerns over the economic toll of the coronavirus pandemic.
Spot gold rose half a percent to $1,862.40 per ounce, while U.S. gold futures were up 0.6 percent at $1,866.25.
The dollar fell across the board as optimism about a Brexit trade deal, hopes of effective coronavirus vaccines and the growing prospect of more U.S. fiscal stimulus helped support risk appetite.
U.S. Senate Majority Leader Mitch McConnell vowed Tuesday that Congress would not adjourn for the year until the $748 billion relief deal is clinched.
By Reuters Staff
1 Min Read
WASHINGTON, Dec 15 (Reuters) - U.S. Senate Majority Leader Mitch McConnell said Tuesday that he is a “huge supporter” of vaccinations, and is anxious to take the coronavirus vaccine.
McConnell, speaking to reporters, recalled that he was a polio survivor, having had that disease before there was a vaccine for it. “We really need to get the country vaccinated,” the Republican senator said. (Reporting by Susan Cornwell; editing by Jonathan Oatis)
Joe Biden s speech to America: It is time to turn onenewspage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from onenewspage.com Daily Mail and Mail on Sunday newspapers.
5 things to know before the stock market opens Wednesday CNBC 12/16/2020 Matthew J. Belvedere
Here s the most important news, trends and analysis that investors need to start their trading day:
Wall Street looks to continue Tuesday s rally
Investors watch retail sales and Fed s 2020 finale
McConnell says lawmakers won t leave until we get a Covid package
Senate majority leader warns GOP not to object to Biden win
New York City could see biggest snowstorm in years
1. Wall Street looks to extend Tuesday s rally
U.S. stock futures were higher after Tuesday s rally as investors grew more optimistic about Washington reaching a deal on another coronavirus economic relief package. However, a weaker-than-expected retail sales report put a damper on gains.