Gold rallies to 6-week high on US stimulus deal & Covid lockdowns ...News

The price of gold continued to rise on Monday, after the US Congress reached a long-sought coronavirus aid package agreement. Lockdowns in the UK have also boosted investor appetite towards the precious metal. Gold rose more than one percent to $1,900.57 per ounce, having earlier hit its highest level since November 9 at $1,901.38. US gold futures were also up to $1,904.80. “Now that we’ve got fiscal stimulus behind us, gold has enough momentum to close above $1,900 by year-end and it could even climb up to $1,925,” Stephen Innes, chief global market strategist at financial services firm Axi, told Reuters. “If you coalesce the stimulus

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