Gold Shows Some Recovery Signs

Gold prices rose on Thursday, recovering some of its big losses on Wednesday, which were due to the surge in Treasury yields in the United States and were the first in a week.

With Democrats taking over a majority in the U.S. Senate, more fiscal stimulus spending is expected, which provides support for the yellow metal.

Gold futures for February delivery increased by $5, or 0.3%, and finished at $1,913.60 per ounce.

Meanwhile, silver futures for March delivery went up by 22 cents, or 0.8%, to close at $27.261 per ounce.