Spot gold 15-minute chart
Source: FX168
In the early Asian Market, U.S. President Donald Trump signed a massive Covid-19 relief bill as well as the government funding package into law. Affected by this, it lead to a short-term soaring in gold price. The gold price is currently approaching to the $1,900 mark and just surpass $1,895.
Some economist said that the $900 million Covid-19 relief package is inadequate. But still, the Covid-19 relief package is needed to help the country as the economy and health care system are overwhelms by Covid-19 virus.
FOLLOWME XAU/USD Overall Sentiment (As of 10:20a.m., Dec 28, 2020),
Short - 52.57%
Long - 47.43%
Edited 28 Dec 2020, 10:49
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