Gold above $2000 on stimulus news


Gold has soared past $2000 per ounce on stimulus expectations. Gold is up 34% for the year. According to kitco, Spot gold prices XAU= rose 1.1% to $2,039.59 an ounce, and U.S. gold futures GCv1 hit a high of $2,070.30 and settled up 1.4% at $2,049.30.

NEW YORK (Reuters) – Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the economy, while stocks in Europe and on Wall Street rallied on encouraging corporate earnings.