Gold Price Outlook - The Recent Sell-Off May Not be Over Yet

Gold Price Outlook - The Recent Sell-Off May Not be Over Yet

From dailyfx.com

US President-elect Joe Biden is expected to announce his economic stimulus plan later today which may dwarf previous packages. Last Friday, Mr.Biden said that the stimulus package ‘will be in the trillion of dollars’ and will include $2,000 cheques to US citizens. The stimulus plan will need to pass through Congress, and this looks likely with the Democrats now in control of the House and the Senate. While a weaker US dollar is normally gold-supportive, an out-sized stimulus plan will continue to stoke fears of inflation further down the line, weighing on the price of gold. The recent uptick in longer-dated US ... (full story)

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