Dollar lifts gold amid worries over US Covid-19 relief payments delay

Topics Gold Prices | Dollar | US

By Nakul Iyer (Reuters) - Gold inched higher on Wednesday as the dollar eased, while investors weighed a top U.S. Republican leader's decision to postpone a vote on increased pandemic relief payments. Spot gold rose 0.3% to $1,883.88 per ounce by 0313 GMT.

U.S. gold futures were up 0.2% at $1,887.40. "A weaker dollar is enough to create a small upward momentum for confidence to be maintained in gold," said Michael Langford, director at corporate advisory AirGuide. Gaining a greater exposure to gold makes sense.....

This article is no longer available in our repository.

There could be multiple reasons for this.