Gold rises as dollar weakens despite delayed U S stimulus vote reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Gold rises as dollar weakens despite delayed US stimulus vote
Spot gold rose 0.2% to $1,881.62 per ounce by 0548 GMT. U.S. gold futures were up 0.2% at $1,886.20. Reuters
gold
Gold prices gained on Wednesday as the dollar weakened, with investors looking past a top U.S. Republican leader s decision to postpone a Senate vote on increased pandemic relief payments.
Spot gold rose 0.2% to $1,881.62 per ounce by 0548 GMT. U.S. gold futures were up 0.2% at $1,886.20. A weaker dollar is enough to create a small upward momentum for confidence to be maintained in gold, said Michael Langford, director at corporate advisory AirGuide.
The dollar index hovered close to a more than two-year low, as traders shrugged off Republican Senate Majority Leader Mitch McConnell s decision to put off a vote on increasing COVID-19 relief checks to $2,000.
Gold steady as UK vaccine approval counters faltering dollar reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
This is how mutual funds came to rescue new investors in pandemic-ravaged 2020 PTI
New Delhi: For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the COVID-19 pandemic engulfed the entire world.
After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020.
Experts believe the new year is expected to be even brighter for the industry.