Where Did You Gold? Gold Soared After Trump Signed Covid-19 Relief Bill

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%