Gold briefly chalked up another record Tuesday before easing later in the day as the dollar clawed back earlier losses, while equity markets struggled to hold
soaring nearly 30 percent and on Tuesday it hit another record of $1,981.27, smashing the previous day's all-time high, but it later pared the advance to sit slightly lower for the day.
The rush for bullion has also dragged silver to a seven-year high above $26 an ounce before that also edged back.higher," Fat Prophets analyst David Lennox said. will improve, but it's more a matter of the acceleration of US money supply, and that's caused by governments obviously throwing money into the economy."There are hopes US lawmakers can hammer out a new economy-boosting stimulus programme as their previous multi-trillion-dollar package begins to dry up.
However, there are concerns bipartisanship could make the passage of any bill arduous, with Democrats proposing $3.5 trillion of spending, while House Speaker Nancy Pelosi branded the Republican offer"pathetic" and not enough to support the country.Hong Kong gained 0.4 percent and Shanghai ended up 0.7 percent, while Seoul jumped 1.8 percent and Mumbai put on 0.9 percent.
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