(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.
Disclaimer: The views expressed on this article are these of the creator and should not mirror these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of data offered; nonetheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It isn’t a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from using this publication.
