Gold looking at biggest weekly gain in nine years due to Covid-19
However, palladium fell 3.1%, silver 0.2%, and platinum was unchanged
06 March 2020 - 14:06
Bengaluru — Gold prices rose more than 1% on Friday and were on course for their biggest weekly gain since October 2011 as the global spread of the coronavirus dimmed growth prospects and sent investors scurrying for safe-haven assets.
Spot gold was up 0.7% at $1,681.67 an ounce at 10.58am GMT, having risen as high as $1,689.65. Prices are up about 6% so far this week. US gold futures rose 0.9% to $1,682.80...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.