Gold Steady as Investors Look to Washington for Stimulus Deal

(Bloomberg) — Gold was steady after signs of progress in U.S. stimulus talks aimed at reaching a deal ahead of the looming presidential election.Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are narrowing their differences on a stimulus deal, a Pelosi aide said Monday. Investors are weighing the chances of a resolution to stimulus talks before the Nov. 3 election. U.S. equity futures advanced and the dollar steadied as optimism about the package spurred risk appetite.Gold has held in a narrow range during October amid the fraught Washington talks, a contentious U.S. election season and uncertainty around the global economy’s …read more

Source:: Yahoo Finance

      

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