Gold gains as US stimulus prospects weigh on dollar

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Wed, 2021-01-20 09:28

Gold prices rose on Wednesday as expectations for a massive US stimulus to help the world’s largest economy recover from the coronavirus jolt bolstered bullion’s appeal as an inflation hedge and pressured the dollar.

Spot gold gained 0.5 percent to $1,848.30 per ounce by 0239 GMT. US gold futures added 0.4 percent to $1,847.30.

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