Sat. Dec 4th, 2021

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Gold slipped again

1 min read

Gold bars

Gold eased on Friday, but was on track to post its third consecutive weekly gain on growing expectations for additional stimulus measures in the United States.

Spot gold fell 0.2% to $1,881.65 per ounce by 0107 GMT, but was up 2.3% so far this week. U.S. gold futures dipped 0.1% to $1,887.90.

Holdings in the SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.2% to 1,167.82 tonnes on Thursday.

Silver slipped 1% to $25.79 per ounce an ounce. Platinum dropped 0.8% to $1,035.91 and palladium fell 0.2% to $2,335.04.

U.S. Congressional Republicans and Democrats scrambled to pass a new round of coronavirus aid on Thursday with lawmakers from both parties saying that failure to agree was no longer an option.

An unrelenting U.S. coronavirus surge pushed hospitals further to their limits as the United States pressed on with its immunization rollouts and prepared to ship nearly six million doses of a new vaccine on the cusp of winning regulatory approval.

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