Gold jumps as Fed stimulus pledge halts rush for cash
Yellow metal rises another 2% and extends gains from previous session
24 March 2020 - 07:55
Bengaluru — Gold rose 2% on Tuesday, extending gains from a near 4% surge in the previous session, after the US Federal Reserve’s unprecedented measures to help an economy reeling from the coronavirus pandemic halted a rush for cash.
Spot gold rose 1.3% to $1,573.17 an ounce by 3.33am GMT. The metal rose 3.7% on Monday, its highest percentage gain since June 2016...
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