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Gold Gains With Stimulus Impasse Spooking Equity Investors

  • U.S. attempts to finalize pandemic relief deal hit roadblock
  • Europe unlocks new fiscal package as Covid-19 cases soar
Gold Bars Inside Solar Capital Gold Zrt. As Gold Climbs To One-Year High On ECB Rate View
Photographer: Akos Stiller
Updated on

Gold rose, erasing a weekly drop, with investors looking for haven assets as slimmer chances of a U.S. stimulus deal raised questions over the economic recovery.

While Republicans and Democrats are closer on a price tag for a stimulus measure -- coalescing around $900 billion -- they’re hung up on differences over shielding companies from virus-related lawsuits. U.S. equities headed toward their worst week since October after optimism about progress on a relief deal had helped send stock indexes to records.