Gold loses ground as investors favour cash again
Metal is weaker in volatile trade, as investors hoard cash despite additional measures from the European Central Bank
19 March 2020 - 10:16
Bengaluru — Gold prices fell more than 1% on Thursday in volatile trade, as investors sought to hoard cash in unstable market conditions despite additional measures from the European Central Bank (ECB) to deal with the economic fallout from the coronavirus outbreak.
Spot gold slid 1.3% to $1,466.20/oz by 3.27am GMT after rising 1% in early trade. The metal fell about 3% on Wednesday along with other precious metals. US gold futures fell 0.7% to $1,467.70/oz...
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