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Gold buoyed as rising coronavirus cases boost expectations for additional stimulus

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Gold edged higher Monday as the number of COVID-19 cases around the world and the U.S. continued to rise and as governments prepared additional fiscal stimulus measures.

Gold for August delivery
GC00,
+0.47%

on Comex rose $8.90, or 0.5%, to $1,818.90 an ounce, while September silver
SIU20,
+1.47%

was up 31 cents, or 1.6%, to $20.075 an ounce.

A hard-fought summit meeting of European Union leaders in Brussels was reportedly near agreement on a huge spending program, including a €750 billion rescue fund after a disagreement over the breakdown between grants and loans to debt-strapped governments. Meanwhile,…



Source marketwatch.com

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