Gold prices today:
18 caliber recorded 697 pounds.
Caliber 21 recorded 813 pounds.
Caliber 24 recorded 929 pounds.
The gold pound is 6504 pounds.
An ounce of gold is $ 1858.
Reports said that Biden’s plan to provide aid to alleviate the repercussions of the Corona virus, which is scheduled to be announced later today, has cost about two trillion dollars in the yield of the standard ten-year US Treasury bonds, to rise near the highest level in ten months and helped to raise the dollar.
Margaret Yang, economist at the Daily Fix, said, “The fiscal stimulus will strengthen the economic recovery, leading to higher real interest rates and also raising hopes for a cut by the Federal Reserve, on the other hand, that will increase inflation expectations.”
She added that gold will face difficulties at these price levels, as the stimulus affects it positively and negatively.