Gold closes up to $ 10.3 in favor of US hopes to stimulate economy - dollar softens markets

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Plain Yogurt
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Gold closes up to $ 10.3 in favor of US hopes to stimulate economy - dollar softens markets

#1 Post by limited88 »


New York gold futures closed overnight (Jan 19), boosted by dollar depreciation. And as US Treasury Secretary Janet Yellen called on Congress to approve the $ 1.9 trillion stimulus package presented by US President Joe Biden.
COMEX (Commodity Exchange) gold contract for February delivery Increased $ 10.3, or 0.56 percent to $ 1,840.2 an ounce.
Silver metal contract for สมัครสมาชิก slotxo March delivery It was up 45.4 cents, or 1.83 percent, to 25.32 an ounce.
Platinum contract delivered in April. Increased $ 2.1, or 0.19 percent to $ 1,092 an ounce.
Palladium contract delivered in March. It was down $ 30.10, or 1.3%, to $ 2,365 an ounce.
Gold contracts were driven by the depreciation of the dollar. By dollar index The dollar's movement index against six major currencies fell 0.26 percent to 90.5100 last night.

A weaker dollar will cause the gold oil contract, which is priced in US dollars. It is cheaper and more attractive to investors holding other currencies.

The gold contract also rose after Yellen told the US Senate Finance Committee last night: The economic stimulus presented by Biden is It brings more benefits than exposing the economy to debt risks. Along with calls for more Congress to act. Otherwise, the US economy will face a longer and more severe recession. And may be damaged in the long run

On Jan. 14, the past. Biden announced a $ 1.9 trillion "American Rescue Plan" stimulus package. The measure includes a minimum wage hike from the current $ 7.25 / hour level to $ 15, an increase in cash checks for Americans to $ 2,000 each, from $ 600 each, and increasing the amount of cash checks for Americans. The amount of aid for the unemployed is $ 400 / week. The project will be extended until the end of September this year.

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