Gold jumps on U.S. stimulus expectations, easing dollar

Gold jumps on U.S. stimulus expectations, easing dollar

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020.

DAVID GRAY | AFP | Getty Images

Gold jumped 1% on Monday on optimism around a U.S. stimulus bill and a weakened dollar, despite gains in the stock markets after reports that U.S. President Donald Trump could soon be discharged from the hospital.Spot gold was up 0.7% at $1,912.80 per ounce after hitting the highest since Sept. 22 at $1,918.36. U.S. gold futures settled up 0.7% to $1,920.10.Optimism over fiscal stimulus came into play after upbeat weekend comments from U.S. House […]

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