Gold prices jumped on Monday for the third day in a row, rising above the $1,900 mark once again, as the US dollar fell against a basket of major currencies.

Gold prices rose 0.9% to $1,900.15, after opening at $1,883.46 and hitting a low of $1,882.99.

The yellow metal closed higher by 0.2% on Thursday, and posted the second straight daily gain.

Gold prices lost 0.2% during the past week, in the first weekly loss in a month, due to profit-taking from the highest level in a month and a half at $1,906.74.

The US dollar index fell by 0.3% today, deepening its losses for the third day in a row against a basket of major currencies, which lifts the prices of gold and other dollar-denominated metals.

This came as demand for the US dollar slowed due to strong sentiment after the US passed a new fiscal stimulus package.

US President Donald Trump on Sunday signed the new $2.3 trillion aid package to ease the coronavirus impact and prevent a partial federal government shutdown.

Gold stocks at the SPDR ETF remained unchanged on Thursday, with the total at the lowest level since June 22 at 1,167.53 MT.

European stocks rose on Monday, and hit a 10-month high, on track for the fourth straight daily gain, thanks to strong market sentiment after the US passed a new fiscal stimulus package.

The Stoxx Europe 600 index rose 0.7% as of 11:47 GMT, and hit the highest since February 398.88 points, at after it closed higher by 0.1% on Thursday in the third straight daily gain.

Stoxx Europe index ended last week flat, as investor were parsing the developments of the second Covid-19 wave and the trade negotiations between Britain and the European Union.

 The pan European index opened higher today, extending its gains for the fourth straight day, and hit a 10-month high with most of the major European markets and sectors seeing green.

The automotive sector saw the largest gains in Europe today, rising over 1.5%, after most of the sectors' shares rose.

US President Donald Trump on Sunday signed the new $2.3 trillion aid package, which is divided into $900 billion in stimulus checks and a government funding package of $1.4 trillion to ease the coronavirus impact.

The US Congress passed the fiscal aid package on Tuesday, after months of talks between the US Democratic and Republican parties.

S&P 500 futures rose 0.7%, after the index closed higher by 0.35% on Thursday at Wall Street, and posted its second straight daily gain.

Back to Europe, the Euro Stoxx 50 index rose 1%, France's CAC 40 rose 1.2%, and Germany's DAX rose over 1.5%.

Oil prices rose on Monday for the third straight session, thanks to hopes about the US demand recovery, especially after approving a huge fiscal stimulus package.

US crude rose 1.35% to $48.94, after opening at $48.29, and hit a low of $47.53, and Brent crude rose 1.4% to $52.00 a barrel, after opening at $51.30, and hit a low of $50.56 .

US crude gained 0.5% on Thursday, and Brent crude futures rose 0.3%, their second straight daily gain.

Oil prices lost around 1.75% last week, in the first weekly loss in two months, due to profit-taking and concern about the new strain of the coronavirus.

US President Donald Trump on Sunday signed the new $2.3 trillion aid package to ease the coronavirus impact.

The package will provide unemployment benefits to millions of Americans, and will prevent a government shutdown, which boosts the recovery of the world's largest oil consumer.

Last week, the official US crude inventories data showed a drop for the second week, in addition to an unexpected drop in gasoline inventories, which is a positive sign of the US consuming levels.

Asian stock indices opened the first session of the week mostly higher, with Japan, China, and South Korea higher, while Hong Kong lost ground. 

President Donald Trump signed into a law a Covid 19 financial rescue package worth $892 billion in addition to a $1.4 trillion government spending bill. 

Trump previously threatened to veto the bill, while noting that 14 million US citizens passed the deadline for getting weekly government subsidies worth $300. 

From Japan, industrial production was unchanged, while analysts expected a 1.4% growth rate. 

Japan's TOPEX rose 0.47%, while Nikkei 225 climbed 0.65% to 26,829. 

China's CSI 300 rose 0.73%, while Shanghai climbed 0.30% to 3,406. 

Hong Kong's Hang Seng fell 0.03%, while South Korea's KOSPI rose 0.72% to 2,827.