Gold up as U.S. COVID-19 relief negotiations resume
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E-mail Xinhua, November 21, 2020
CHICAGO, Nov. 20 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as negotiations resumed on a U.S. COVID-19 relief package.
The most active gold contract for December delivery rose 10.9 U.S. dollars, or 0.59 percent, to close at 1,872.4 dollars per ounce.
U.S. Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell have agreed to resume negotiations over a COVID-19 economic relief bill, which would include massive government spending, causing inflation worries.
Gold found additional support as new COVID-19 cases continued to spike in the United States and worldwide.
Silver for December delivery rose 31.5 cents, or 1.31 percent, to close at 24.363 dollars per ounce. Platinum for January delivery rose 5.7 dollars, or 0.6 percent, to close at 957.2 dollars per ounce. Enditem
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