Gold prices rose on Wednesday after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic weighed on risk sentiment.Spot gold XAU= was up 0.4% at $1,656.37 per ounce by 0242 GMT, having fallen nearly 2% on Tuesday on hopes for global stimulus measures. U.S. gold futures GCcv1 slipped 0.2% to $1,656.70.
The White House and Congress negotiated measures on Tuesday to bolster the U.S. economy and Americans' paychecks against the epidemic's impact, although there was no immediate sign of a deal.
