Business Live: Shares gain on financials, energy boost; gold recovers from 9-month low on U.S. stimulus cheer
The great gold bounceback. Reuters reports: "Gold prices rose on Monday, recovering from a near nine-month low hit in the previous session, as a passage of the long awaited $1.9 trillion U.S. coronavirus relief package boosted the metal's appeal. Spot gold rose 0.3% to $1,705.62 per ounce by 0041 GMT, after hitting its lowest since June 8 at $1,686.40 on Friday. U.S. gold futures climbed 0.3% to $1,703. The U.S. Senate on Saturday passed President Joe Biden's $1.9 trillion COVID-19 relief plan. Gold is viewed as a hedge against inflation, likely from extensive stimulus. Further supporting bul...