Gold rises as investors search for safety
Spot gold lifts on Friday but bullion still on track for second weekly decline
20 March 2020 - 08:09
Bengaluru — Gold prices rose 1% on Friday as safe-haven buying offset a rush for cash amid fears over the economic hit from the coronavirus, but bullion was headed for a second weekly drop as investors sold the metal to meet margin calls in other assets.
Spot gold rose 0.8% to $1,481.30/oz by 3.28am GMT after a 1% fall in the previous session and was en route to post a near 3% decline for the week. US gold futures climbed 0.5% to $1,486.50/oz...
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