Gold is gaining more than 1% on hopes of passing the stimulus package

Gold is gaining more than 1% on hopes of passing the stimulus package

Gold prices rose more than 1% today, boosted by hopes that the US Congress will pass a $ 1.4 trillion stimulus package to support the economy hit by the coronavirus pandemic amid a spike in new cases of the virus in the United States.

The price of spot gold rose 1.4% to $ 1852.36 an ounce, and US gold futures rose 1.3% to $ 1855.30 an ounce and since the beginning of this year, gold has risen more than 22% so far.

As for the other precious metals, silver rose by 2.8% to $ 24.49 an ounce, palladium rose 1.7% to $ 2331.88 an ounce, and platinum also rose 2.6% to $ 1033.76 an ounce.