Gold is firmer as worry over US stimulus takes shine off riskier assets
Sopt gold rises as concerns of US stimulus to deal with coronavirus hits risk sentiment
11 March 2020 - 07:46
Bengaluru — Gold prices rose on Wednesday after a steep fall in the previous session, as doubts about a stimulus package proposed by US President Donald Trump to soften the economic effect of the coronavirus epidemic weighed on risk sentiment.
Spot gold was up 0.4% at $1,656.37/oz by 2.42am GMT, having fallen nearly 2% on Tuesday on hopes for global stimulus measures. US gold futures slipped 0.2% to $1,656.70/oz...
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