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SHOWING 62 Results
Spot gold rose 0.3% to $1,869.06 per ounce by 05:04 GMT, having touched its highest since Nov. 23 of $1,871.52 earlier in the session. US gold futures were up 0.4% at $1,873.50.
Stocks rebounded on Tuesday, with Washington’s approval of an $892 billion pandemic relief package helping them recover some of the losses caused by fears over a highly infectious new strain of COVID-19.
European and US stock markets mostly rose on Tuesday on optimism over US stimulus and vaccines, but London stumbled ahead of the capital’s tightened coronavirus restrictions as dealers also tracked Brexit trade talks.
Despite challenges due to the coronavirus pandemic, Pakistan’s economic performance remained encouraging in December, according to the Economic and Outlook report, which the government’s Finance Division publishes every month.
Brent crude futures declined 25 cents, or 0.5%, to $51.04 a barrel while US West Texas Intermediate (WTI) crude futures slipped 19 cents, or 0.4%, to $48.04 a barrel.
The benchmark European stock index jumped 0.5%, its highest since Feb. 26 while in Asia, Shanghai, Tokyo and Hong Kong advanced.
Spot gold was up 0.7% at $1,888.84 per ounce by 06:18 GMT, after earlier hitting a one-week high of $1,900.04. US gold futures gained 0.5% to $1,893.20.
Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional U.S. economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.
Spot gold prices rose 0.2% to $1,841.93 per ounce by 0554 GMT, while US gold futures were up 0.2% at $1,844.20.
Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion, clearing the way for votes as early as Sunday.
