World news – Gold closes higher when the dollar is weak

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Gold rose on Thursday as the US dollar fell against most majors despite US President Joe Biden signing the Covid stimulus plan.

The House of Representatives passed the 1.9 Covid Relief Bill Trillion US dollars to protect the economy from the effects of the coronavirus.

Initial jobless claims in the US fell to 712,000 last week, better than forecast of 725,000.

The dollar index fell versus a basket of major currencies by 0.4% to 91.4 points from 19:51 GMT after hitting a high of 91.8 points and a low of 91.3 points.

Ref: https://www.economies.com

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