Gold prices rebounded to around $1,860/oz during the early Asian session on Monday, as prospects for additional US fiscal measures boosted the metal’s appeal as an inflation hedge. Biden and his Democrat-controlled Congress are due to roll out massive spending plans that include extra $1,400 checks for most Americans, a temporary boost in unemployment benefits and a rise in the federal minimum wage to $15 per hour. Furthermore, the precious benefited from some safe-haven buying amid a worsening pandemic in the light of a slower-than-expected COVID-19 vaccine rollout in the United States.