Producers of metals and other raw materials rallied as hopes for a second coronavirus relief bill offset fears about near-term economic growth.
The four congressional Democratic and Republican leaders were set to meet in what's expected to be the final step of negotiations over a second major fiscal stimulus bill this year.
Gold futures rose to their highest level in a week, rebounding from a two week low a day earlier, as prospects for another coronavirus fiscal package gained more traction in Washington before the end of the year.
The precious metal has gained more than 4% for December so far, as the dollar steadily weakens against other currencies.
This week's extension of negotiations between the United Kingdom and the European Union on post-Brexit trade relations was the latest boost to the euro and the sterling against the greenback.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-15-20 1636ET
