Gold Prices Spike as Trump Dumps COVID Relief Bill

0
Gold Prices

Gold prices are looking robust this Christmas Eve eve as outgoing President Donald J. Trump unexpectedly declined to sign a $900 billion COVID relief bill that Congress hammered out in an eleventh-hour move before taking a session break for the Christmas holidays. The bill, which would have provided one-time payouts of up to $600 for most Americans, included various clauses that President Trump disagreed with. Upon the president’s rejection of the COVID relief package, markets were sent into a tizzy, with gold prices spiking after the news broke this morning.

Gold prices surged past $1,875 earlier this morning before settling back around the $1,870 mark, up from levels just below $1,860 in recent days. Those who wish to speculate in gold metals are filling portfolios with pre-1933 U.S. gold coins, United States American Gold Eagles, and vintage world gold coinage — all of which is highly liquid and enjoys cross-market appeal both among bullion investors and numismatic collectors. Of course, what comes next leaves many wondering how gold prices will carry into Christmas Eve and early trading next week.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

CAPTCHA Image