On Wednesday morning, gold maintains an upward trend thanks to a weakening dollar and comments from Janet Yellen, who addressed Congress to increase spending on bailout amid the COVID-19 pandemic.
During the Asian trading session gold was trading in a very narrow range, holding close to yesterday's intraday highs.
On Monday, gold continues to decline due to strengthening dollar and positive dynamics of the movement of US Treasuries.
On Friday, gold continued to move lower prior to the publication of the report on the US labor market.
In trading on Wednesday in Asia, gold showed a slight decrease of 0.3% in anticipation of the vote in Georgia.
Gold kicks off its first trading day in 2021 with a steady rise of more than 1.5% amid a sharp rise in the number of COVID-19 cases worldwide and the prospect of stricter containment measures in many countries.
Gold grew on Wednesday morning in Asia amid continuing dollar depreciation.
Gold opens a new trading week with growth.
Gold is under pressure on Wednesday and is trading near Tuesday's lows.
