Faith by investors keeps gold rally going in face of sales for cash
Concern lingers that air travel restrictions and precious metal refinery closures will hamper shipments of bullion to the US
25 March 2020 - 07:52
Bengaluru — Gold prices inched up in volatile trade on Wednesday, as growing hopes for a huge US economic stimulus package to stem the coronavirus outbreak’s economic toll offset liquidation by investors looking for cash and to cover losses in other assets.
Spot gold was up 0.1% at $1,611.73/oz by 0230 GMT, after rising as much as 1.6% earlier in the day. The metal jumped more than 3% in the previous session. US gold futures climbed 0.8% to $1,673.60...
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