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buy apple developer account :Gold climbs after pandemic bill signed

admin2021-04-17195

Glittering haven: Gold of various weights and sizes sit at Gold Investments Ltd bullion dealers in London. — Bloomberg BENGALURU: Gold prices jumped 1% yesterday as investors cheered news that US President Donald Trump signed into law a long-awaited pandemic aid bill, with a weaker dollar lending further support. Spot gold was up 1% at US$1,894.44 per ounce, after hitting a one-week high of US$1,900.04 earlier in the day. US gold futures gained 0.9% to US$1,899.10. Trump yesterday signed into law a US$2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a partial federal government shutdown. “Markets are rallying on the stimulus bill, ” said Stephen Innes, chief global market strategist at financial services firm Axi. “(But) we’ve been talking about this deal for a long time, so how much the market is going to follow through will be the big question.” The dollar was down 0.2% against rivals, lifting bullion’s appeal for other currency holders. Investors are now keeping a close eye on a US House of Representatives vote yesterday to increase coronavirus relief checks to individuals from US$600 to US$2,000, with Trump saying the Senate “will start the process” to approve higher payments. — Reuters
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