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Gold Sits Above $1,900 Amid Brawl Over Stimulus

From investing.com

Gold settled in the green zone for a second straight day on Thursday, staying above the key $1,900 an ounce level despite a din of confusion over what the Trump administration wants for a new Covid-19 relief deal. After U.S. Treasury Secretary Steven Mnuchin unwittingly triggered Tuesday’s financial markets’ implosion by doubting an agreement on a coronavirus stimulus anytime soon between him and House Speaker and Democrat rival Nancy Pelosi, more talk emerged from the White House and Senate on Thursday that didn’t take the matter further. Mnuchin gave a call-in interview to CNBC on Thursday, reiterating that he was ... (full story)

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  • Category: Fundamental Analysis