Dec 29, 2020
The House of Representatives voted Monday to approve a measure that would increase stimulus checks from $600 to $2,000, sending the bill to the Senate where it faces a standoff today. The House also voted to override Trump’s veto of the $740 billion National Defense Authorization Act, or NDAA.
In the Senate, Republican Majority Leader Mitch McConnell is expected to ask for unanimous consent today to override Trump’s veto of the NDAA. But independent Senator Bernie Sanders has said he will filibuster to delay the crucial vote unless the Senate also holds a vote on the $2,000 checks. Sanders tweeted, “If McConnell doesn’t agree to an up or down vote to provide the working people of our country a $2,000 direct payment, Congress will not be going home for New Year’s Eve. Let’s do our job.” At least 12 Republicans would need to join with the Senate’s 48 Democrats to reach the necessary 60 votes to approve the $2,000 checks.
Gold Steadies Above $1,880 as Stimulus Drama Unfolds in US Senate investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
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Are Gold Prices on the Verge of their Next Rally? Levels for XAU/USD Advertisement
Gold prices are hovering below downtrend resistance, and recent shifts in key fundamental factors suggest that more gains may be ahead.
Gold prices continue to trade between the 23.6% and 38.2% Fibonacci retracements of the 2020 low/high range at between 1836.97 and 1928.05.
According to theIG Client Sentiment Index, retail traders are buying gold as prices rise.
Gold Price Action Remains Sturdy
Gold prices don’t have much to show through the first 48-hours of the week, trading effectively back at their open in New York on Sunday. Mixed news around US fiscal stimulus efforts – the $908 billion deal has been signed by outgoing US President Donald Trump, but the efforts to get a monthly payout of $2000 to most Americans was shot down in the Senate by Republican Majority Leader Mitch McConnell – has not given traders enough of a reason to stir significant price action in go
S&P/TSX composite joins U S markets rallying while loonie marches higher alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.