Gold remained high, continuing its strengthening momentum ahead of the weekend trading after prices hit a five-month low on Monday.
The start of the European session showed the precious metal trading strengthening at $ 1,843 per ounce, while gold futures were positive at $ 1,847 per ounce (3.00pm Malaysian time).
Since the fall at the beginning of the week, the price of gold has recorded an increase of around $ 60 per ounce.
Among the key factors supporting the rise in the precious metal is the weakness of the greenback dollar to a two-and-a-half-year low following rising expectations of a fiscal stimulus package to be launched in the United States.
However, news of US Senate Majority Leader Mitch McConnell's rejection of a $ 908 billion stimulus package introduced by both Democratic and Republican (bipartisan) parties has led the market to take a cautious approach.
Nevertheless, the market still hopes the agreement to launch a coronavirus stimulus measure can be reached immediately.
The main focus of the market is now shifting to the publication of US NFP employment data which is expected to record the slowest growth in six months after being affected by the resurgence of Covid-19.
