By Sumita Layek
(Reuters) - Gold prices rose on Wednesday as the dollar weakened after U.S. Treasury Secretary nominee Janet Yellen underscored the need for a huge stimulus to help the economy recover from the coronavirus jolt, bolstering bullion's appeal as an inflation hedge.
Spot gold gained 0.6% to $1,850.
66 per ounce by 0604 GMT. U.S. gold futures added 0.5% to $1,850.
Yellen at her confirmation hearing on Tuesday urged lawmakers for large coronavirus relief spending, adding that the benefits outweigh the expenses of.....