Gold continued to recover Tuesday morning in Asia, as new pandemic-related restrictions took effect around the world and stock markets in the U.S. broke a four-day winning streak.
Gold futures were up 0.17% at $1,869.15 by 8:00 PM ET (1:00 AM GMT). Spot gold was up 0.17% to $1,865.85.
The prospects are improving for gold to march back towards the $1,900 mark, partly boosted by the increasing likelihood that the U.S. government will reach a budget deal, which would avoid a shutdown, and also issue another round of stimulus worth about $908 billion to shore up a flagging economic rebound from a surging COVID-19 pandemic.
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