KONTAN.CO.ID - SINGPORE. Gold prices ticked higher on Monday, as grim U.S. jobs data bolstered hopes for more fiscal stimulus, although optimism around coronavirus vaccine rollouts kept gains in check. Monday (7/12) at 13.20 WIB, spot gold prices rose 0.2% to $1,841.93 per ounce, while U.S. gold futures were up 0.2% at $1,844.20. "Softer jobs growth and tighter social mobility restrictions ostensibly lower the hurdle for a policy response from (U.S.) Congress," said Stephen Innes, chief global market strategist at financial services firm Axi.
Gold edges higher as U.S. stimulus bets outweigh vaccine hopes
KONTAN.CO.ID - SINGPORE. Gold prices ticked higher on Monday, as grim U.S. jobs data bolstered hopes for more fiscal stimulus, although optimism around coronavirus vaccine rollouts kept gains in check. Monday (7/12) at 13.20 WIB, spot gold prices rose 0.2% to $1,841.93 per ounce, while U.S. gold futures were up 0.2% at $1,844.20. "Softer jobs growth and tighter social mobility restrictions ostensibly lower the hurdle for a policy response from (U.S.) Congress," said Stephen Innes, chief global market strategist at financial services firm Axi.