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Abstract:Gold prices rose on Monday, recovering from a sharp decline in the previous session, as investors hoped that a massive economic stimulus would be passed soon in the United States to revive the world's largest economy.
Gold prices rose on Monday, recovering from a sharp decline in the previous session, as investors hoped that a massive economic stimulus would be passed soon in the United States to revive the world's largest economy.
Spot gold rose 0.3% to $1,858.57 per ounce by 0039 GMT, having slipped 0.9% in the previous session. U.S. gold futures were little changed at $1,856.60.
Demand for physical gold picked up last week as the approaching Chinese New Year encouraged buyers in China and Singapore.
Silver gained 0.9% to $25.61 an ounce, platinum rose 0.6% to $1,105.06, and palladium added 0.1% to $2,355.83.
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