Gold benefits from jitters over virus
With action expected from central banks, bets for a rate cut by Fed are being increased
27 February 2020 - 08:34
Bengaluru — Gold rose on Thursday as the rapid spread of the coronavirus outside China fuelled demand for safe-haven assets and triggered hopes of interest rate cuts by major global central banks.
Spot gold rose 0.5% to $1,648.14/oz, as of 0316 GMT. Prices jumped as much as 1% in the previous session. US gold futures were up 0.4% at $1,650.10...
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