Gold retreats from high as China’s central bank injects liquidity into markets
Authorities pledge to use monetary policy tools to support companies hit by coronavirus outbreak
03 February 2020 - 08:05
Bengaluru — Gold eased on Monday after scaling a near four-week peak, as China’s central bank injected liquidity into its markets to help support companies hit by a coronavirus epidemic, with a stronger dollar holding back bullion as well.
Chinese authorities have pledged to use various monetary policy tools to ensure liquidity remains ample and to support companies affected by the outbreak in Wuhan, which has so far claimed more than 350 lives...
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