Gold Rises as Stimulus Hopes Increased on US Data and Virus Fears

Gold prices rose Thursday, November 26, supported by the dollar’s decline, as investors bet that the disappointing US jobs data and the increase in Covid-19 cases around the world are prompting the authorities to announce more stimulus measures.

Spot gold rose 0.2% to $ 1809.61 an ounce. US gold futures rose 0.1% to $1807.80. The dollar index fell 0.1% today, which reinforces the attractiveness of gold for holders of other currencies.

Among the other precious metals, silver rose 0.3% to $ 23.38 an ounce. Platinum rose 0.4% to $ 967.15 and palladium profit 1.2%, to $ 2,368.68.