Gold gained further momentum on Monday and is now testing the area of six-week highs in the $1,900/oz region as a deal on a long-awaited rescue package for the US economy buoyed the metal appeal as an inflation hedge. Congress has agreed on a $900 billion coronavirus-aid bill, that includes another round of direct payments to Americans struggling amid the pandemic. At the same time, Brexit’s deadlocked talks and a new COVID-19 variant, highlighted by the UK, drove investors toward safe-haven assets.
