Gold edges higher as US stimulus slows sales for cash
Support for liquidity boosts sentiment but strong dollar puts the brakes on gains
18 March 2020 - 08:02
Bengaluru — Gold edged higher on Wednesday as additional stimulus from the US eased concerns over the economic effects of the coronavirus and halted a trend of selling precious metals for cash, though a strong dollar capped gains.
Spot gold rose 0.1% to $1,529.69/oz by 0305 GMT, having risen about 1% earlier in the session. US gold futures gained 0.3% to $1,530.80/oz...
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