Gold Will Be Profitable In December

Gold Will Be Profitable In December Gold will be profitable in December. Precious yellow metal is on the rise with new developments. While gold secured its earnings with the developments in the last month of the year, it rose slightly after the US President Donald Trump's approval of the coronavirus stimulus package of $ 900 billion. Previously, Trump had not signed the package on the grounds of adjustments to the support package. However, as gold purchases increased with the confirmation news received today, the precious metal began to gain four weeks in a row. The US dollar started to weaken after the support package was approved. Gold, which started to lose value with the news of vaccination, had no monthly earnings. However, the developments in December prepared the ground for the first monthly earnings of gold. While gold gained strength from the weakening of the US dollar throughout the year, economic support packages also helped to strengthen gold. Gold prices rose 0.6 percent at 07:54 UTC and traded at $ 1,894.69 an ounce.