Gold and palladium decline amid worry about pandemic
US gold futures fall 0.3% as palladium drops as much as 5% on profit-taking
28 February 2020 - 08:06
Bengaluru — Gold prices retreated on Friday as investors booked profits from a 1% jump in the last session, but the metal had some support as mounting concerns over the rapid spread of coronavirus outbreak lifted expectations of rate cuts by major central banks.
Palladium, meanwhile, fell as much as 5% on profit-taking after the autocatalyst metal soared to an all-time high on Thursday. Spot gold was down 0.4% at $1,635.39/oz at 4.22am GMT. The metal has added about 3% so far this month, its third straight monthly gain...
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