Gold prices have started the week – and the final month of the year- strong in a sign of what could be to come, gaining 2.5% in trading yesterday (Monday). The rally came on the back of proposals from US senators for a new round of fiscal stimulus measures. They have called for £669 ($908) billion to be pumped into the economy to aid in coronavirus recovery. In October, gold also rallied on the news that new measures could be agreed.
Both Forbes and the Washington Post have reported on the proposals, suggesting that it could lead to an increase in unemployment pay for millions of workers. The proposals still need to be agreed by both parties but could see more cash flowing before the end of the year.
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