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The stimulus will occur despite that wins and that benefits steels as well as gold, stated Peter Hug, Kitco's head of the precious metal department.
Hug spoke with Kitco News Thursday as Republican politician as well as Democrat management proceeded working out a COVID-19 stimulus package over of $2 trillion.
Some Republican legislators are holding up, yet Hug claimed an offer will certainly happen due to the fact that there is excessive pressure from companies and the states.
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Gold goes higher because more stimulus must come – Hug
The stimulus will happen no matter who wins and that is good for metals and gold, said Peter Hug, Kitco’s head of the precious metal division.
Hug spoke to Kitco News Thursday as Republican and Democrat leadership continued negotiating a COVID-19 stimulus package in excess of $2 trillion.
Some Republican senators are holding out, but Hug said a deal will happen because there is too much pressure from businesses and the states.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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