Skip to main content

MoneyWorks4Me

Gold futures finish higher with stimulus hopes

20 Jan 2021 Evaluate
Gold futures finished higher on Tuesday, whetted by weaker dollar making the bullion cheaper for other currency holders and on inflation hedge appeal of the yellow metal counting on additional stimulus measures in US to kick start the economy by the covid created slump.

Gold futures for February delivery settled up 0.6% to $1,840.20 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.2% at $1,840.38 per ounce.