Gold Advances on Monday, Pushed up by Possible Further U.S. Stimulus

Precious Metals

Bloomberg reported that gold advanced on Monday, as investors turned away from the dollar amidst concern over the possibility of more U.S. stimulus.

Bloomberg reported that gold advanced on Monday, as investors turned away from the dollar admist concern over the possibility of more U.S. stimulus.

As quoted in the market report:

Federal Reserve Bank of Chicago President Charles Evans said the U.S. should keep policy accommodative to support the economy. Gold slid to a four-month low on Jan. 4 after Fed minutes indicated policy makers may end $85 billion in monthly bond purchases sometime this year.

To view the whole Bloomberg report, click here.

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