(Kitco Information) – Gold rose 2% on Monday, with silver up 5.5% on the buying and selling session. Peter Hug, international buying and selling director of Kitco Information, mentioned that fundamentals line up with this rally.
Equities additionally noticed a bounce. Hug mentioned that talks of a brand new spherical of fiscal stimulus is including gas to the risk-on sentiment whereas driving cash to valuable metals on the similar time.
The U.S. greenback weakened on the buying and selling session.
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