Gold slides as traders keep dashing to cash
Concern is about how much more bullion investors need to sell to cover living expenses, analyst says
23 March 2020 - 07:55
Bengaluru — Gold prices fell on Monday as investors stockpiled cash, with a rising numbers of coronavirus-led national lockdowns threatening to overshadow stimulus measures from global central banks to combat the economic damage.
Spot gold slipped 0.2% to $1,494.63 per ounce by 5.20am, after rising as much as 3.1% in the previous session on a wave of stimulus. US gold futures climbed 0.8% to $1,496.70 per ounce...
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