Gold continues to rise in value
Gold rose in price for the second session in a row. At 9:20 a.m. today its troy ounce rose 0.11% to $1885.30 on the Comex exchange. Earlier in the morning the growth reached 0.33%. A positive factor affecting the dynamics is the decline of the dollar. The latter is weakening against the background of players' hopes for the development of the U.S. economy, which will receive a financial stimulus. As previously reported, the head of Donald Trump signed into law a package of aid for the economy of the country; the amount of funds allocated is 900 billion. Associated with this optimism weakens the interest of investors in reliable U.S. currency. At the same time, the situation contributes to the growth of gold prices, as the lower value of the dollar allows foreign investors to buy more precious metal. The growth driver for gold will also be the policy of Joe Biden, who intends to introduce strict restrictions in connection with the coronavirus, which will affect the economy.