Gold Heads for Weekly Loss With Focus on Stimulus Talks, Virus
- Europe is set for more restrictions with Covid cases surging
- Dollar index heads for weekly gain amid stimulus stalemate
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Gold headed for the first weekly decline this month as investors weighed the outlook for fresh U.S. stimulus and rising coronavirus cases in Europe.
Treasury Secretary Steven Mnuchin told House Speaker Nancy Pelosi Thursday that President Donald Trump would lobby personally to get reluctant Senate Republicans behind any deal that they reach. Pelosi told Democratic colleagues that a divide persists with the White House in negotiations. The dollar has held up during the stalemate, while surging virus cases in Europe lifted the greenback on demand for an investment haven.