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Commodity News |
HeadLine : |
Gold Continues Rising After Topping $2,000 Mark |
Date : |
Aug 6 2020 |
Gold was up on Thursday morning in Asia, continuing to rise after topping the $2,000 per ounce level earlier in the week and powered by ongoing weakness in the dollar as well as geopolitical concerns. Gold futures?rose 0.14% to $2,040. Supporting gold was another fall in the dollar. Economic and political uncertainty have also been supportive of gold. In the U.S. negotiations continue towards a new COVID-19 stimulus package. Congressional leaders and White House negotiators discussed a compromise framework?on Wednesday for another round of aid that could include an additional $400-per-week unemployment?payment. President Donald Trump said that if no significant progress is made by Friday, he is prepared to take executive action on those items. Meanwhile, Sino-U.S. relations continued to deteriorate, coaxing investors towards the safe-haven metal.
Source: Investing.com
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