Home » Market News » DirectorsTalk Highlights » Gold inches higher today

Gold inches higher today

Gold prices ticked higher on Monday in early Asian trade, supported by a weaker dollar and hopes of further U.S. stimulus aimed at cushioning the economic blow from the COVID-19 pandemic.

Spot gold rose 0.1% to $1,872.96 per ounce by 0059 GMT. U.S. gold futures were steady at $1,871.70. The dollar index was down 0.1%. U.S. Treasury Secretary Steven Mnuchin on Friday signalled that negotiations on stimulus measures would continue, even as he defended his decision to end several of the Federal Reserve’s pandemic lending programs on Dec. 31.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.