Gold Rises to Highest Level in Week

Gold prices rose on Tuesday for the third consecutive session, supported by the decline of the U.S. Dollar (USD) to its lowest level in about a week.

The yellow metal gains come amid anticipation for the passing of the new stimulus package in the United States, which is a $1.9 trillion relief bill called the American Rescue Plan that is proposed by President Joe Biden.

Gold futures for April delivery increased by $3.30, or 0.2%, to close at the level of $1,837.50 per ounce.

This is the highest closing level for gold’s most active contracts since February 1.

Meanwhile, silver futures for March delivery lost 17 cents, or 0.6%, to settle at $27.402 per ounce.