Gold was up on Monday morning in Asia, with hopes that the latest U.S. fiscal stimulus measures will be passed during the week countering downward pressure from optimism around COVID-19 vaccines roll-outs.
Gold futures inched up 0.08% at $1,841.55 by 11:37 PM ET (3:37 AM GMT). SPDR Gold Trust (P:GLD) reported that its holdings fell 0.6% to 1,182.70 tons on Friday.
A bipartisan group of lawmakers is working on a fresh $908 billion bill and talks to pass a COVID-19 relief package is growing in Congress.
Highlighting the need for a package was disappointing U.S. jobs data released on Friday, which also showed the extent of the COVID-19-induced economic slowdown.
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