Gold trading strengthened at a two-week high on Thursday, supported by the outlook for US fiscal stimulus measures that boosted the attractiveness of the yellow metal as a hedge against inflation.
The gold spot traded strong around the $ 1,872 per ounce level ahead of the opening of the European session (2.25pm Malaysian time).
President Joe Biden's administration has promised to launch a massive stimulus package plan that includes the payment of a $ 1,400 check for Americans and an increase in the federal minimum wage to $ 15 an hour.
After the swearing-in ceremony, Biden signed 15 executive orders on his first day covering the Covid-19 crisis, climate change, immigration and other issues.
The dollar index, which measures the strength of the greenback dollar against most major currencies, traded weak at 90.25.
Meanwhile, Biden also plans to return to work with the World Health Organization (WHO) and will send a government infectious disease specialist to meet with the body this week.
