"Gold is trading technically as well with underlying support
coming from the weaker dollar driven by the prospect potentially
of an even bigger check being distributed to U.S. consumers,"
said Saxo Bank analyst Ole Hansen.
Gold ticked higher after the U.S. House passed a bill to boost household checks to $2,000, a proposal backed by President Donald Trump that ramps up the burgeoning cost of pandemic relief measures. The dollar eased.
