Synopsis
Bullion is set to post the first monthly gain since July after a run of losses prompted by the development of effective coronavirus vaccines.
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Spot gold rose as much as 0.7 per cent to $1,896.70 an ounce, and traded at $1,894.02 at 9:25 a.m. in Singapore.
Gold headed for the highest close in seven weeks after President Donald Trump signed a $900 billion coronavirus stimulus package, pumping more state funds into the world’s top economy. Silver surged.
The haven built on a run of four weekly gains following the breakthrough on the package, which Trump had initially declined to endorse amid a dispute on the size of checks to support households amid the pandemic. The dollar eased.
U.S. stocks rally to records as investors cheer aid
Vildana Hajric, Bloomberg News VIDEO SIGN OUT
U.S. equities rallied to records after President Donald Trump backed away from earlier threats and signed a coronavirus aid package.
The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite closed at all-time highs following Trumpâs surprise approval of the combined US$2.3 trillion Covid-19 relief and government funding package. Germanyâs DAX Index also rose to a record. Treasuries dipped and the dollar strengthened.
Bitcoin retreated after a rally over the holiday pushed it past US$28,000 for the first time.
U.S. stocks rally to records as investors cheer aid
Vildana Hajric, Bloomberg News VIDEO SIGN OUT
U.S. equities rallied to records after President Donald Trump backed away from earlier threats and signed a coronavirus aid package.
The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite closed at all-time highs following Trumpâs surprise approval of the combined US$2.3 trillion Covid-19 relief and government funding package. Germanyâs DAX Index also rose to a record. Treasuries dipped and the dollar strengthened.
Bitcoin retreated after a rally over the holiday pushed it past US$28,000 for the first time.
U S Stocks Join Global Gains; Treasuries Decline: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.