TechTalkz
No Result
View All Result
Tuesday, April 20, 2021
  • Login
  • Home
  • World
  • Economy
  • Stock Market
  • Opinion
  • Markets
  • Privacy Policy
  • About Us
  • Contact Us
Subscribe
TechTalkz
  • Home
  • World
  • Economy
  • Stock Market
  • Opinion
  • Markets
  • Privacy Policy
  • About Us
  • Contact Us
No Result
View All Result
TechTalkz
No Result
View All Result
Home Forex Trading

Gold is at a crossroads due to hazy US stimulus

by Sam
February 2, 2021
in Forex Trading
0
Gold is at a crossroads due to hazy US stimulus
156
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

After the excitement yesterday, gold prices start the European Union session in the red zone, where gold moves very sideways at the moment and it is trapped between $ 1875.11 and $ 1840.85, and the reason for those moves is the blurry approval of the US stimulus, as the consultations are still continuing between the two parties to reach Agreement on the amount of the next stimulus package

On Monday, a group of 10 Republicans in the Senate announced the details of their $ 618 billion stimulus proposal intended as a counter-offer to President Joe Biden’s recent $ 1.9 trillion bailout plan, and Republicans have examined Biden’s plan as being too expensive, and they hope. In reducing the cost of the next stimulus package.

After Biden, Vice President Kamala Harris and a group of senators met for nearly two hours, Senator Susan Collins, a Republican from the Middle East, told reporters outside the White House that the meeting was fruitful, and the two sides would continue to discuss aid against pandemics, meanwhile, the White House press secretary noted Jane Psaki said in a statement that despite the areas of agreement between the president and Republican senators – and although Biden favors the passage of the US bailout with bipartisan approval, the option of reconciliation over the president’s stimulus package remains on the table.

Psaki said in a statement that the president also made clear that the US rescue plan is carefully designed to meet the dangers of this moment, and any changes in it cannot leave the nation without its urgent needs.

Earlier on Monday, Senate Majority Leader Chuck Schumer, Democrat from New York and House Speaker Nancy Pelosi, introduced a joint budget resolution, the first step toward passing the pandemic aid bill through the reconciliation process.

Many Americans hoping for significant government spending to help offset the negative economic impact of the coronavirus pandemic may be disappointed, and that the package is small compared to Biden’s proposal and ignores key provisions that Democrats in Congress insisted to include, such as state and domestic funding, and the proposal also cuts impact payments. The economist, also referred to as stimulus checks, shrinks from $ 1,400 to $ 1,000, and shrinks the range of those who will be eligible to receive them.

It is noteworthy that prices stabilized at a low for the first month of 2021, but many analysts are confident that the long-term outlook is still promising for gold, and this comes after an increase of nearly 24% in 2020.

Tags: forexgoldtrading
  • Trending
  • Comments
  • Latest
GBPJPY: A trade setup

GBPJPY: A trade setup

February 11, 2021
The Glorious World of EVs: markets to be watched

The Glorious World of EVs: markets to be watched

February 6, 2021

High-Speed Traders In Search of New Markets Jump Into Bitcoin

January 3, 2021
Apple Talks Recently Pauseed with Hyundai, Kia

Apple Talks Recently Pauseed with Hyundai, Kia

February 6, 2021
GBPJPY: A trade setup

GBPJPY: A trade setup

0

Oil Heads for Best Weekly Gain in Month on Keystone Disruption

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

Fund Tracking Bitcoin Launches in Europe as Crypto Gains Backers

0
GBPJPY: A trade setup

GBPJPY: A trade setup

February 11, 2021
AUDJPY strong rallies leave question marks

AUDJPY strong rallies leave question marks

February 11, 2021
Natural gas prices await important data around $ 3 levels

Natural gas prices await important data around $ 3 levels

February 11, 2021
What will happen to MasterCard after the decision to support digital currencies?

What will happen to MasterCard after the decision to support digital currencies?

February 11, 2021

Recent News

GBPJPY: A trade setup

GBPJPY: A trade setup

February 11, 2021
AUDJPY strong rallies leave question marks

AUDJPY strong rallies leave question marks

February 11, 2021

Categories

  • Cryptocurrency
  • Economy
  • Forex Trading
  • Gadget
  • Markets
  • Opinion
  • Politics
  • Real Estate
  • Startup
  • Stock Market
  • Technical Analysis
  • Viewpoints
  • World

Site Navigation

  • Home
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 TechTalkz - Forex & crypto traindg news & magazine TeckTalkz.

No Result
View All Result
  • Home
  • World
  • Economy
  • Stock Market
  • Opinion
  • Markets
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 TechTalkz - Forex & crypto traindg news & magazine TeckTalkz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.