Gold slips on profit-taking but heads for weekly high
Platinum and palladium on track for their biggest weekly gains on record, as a lockdown in producer SA stokes supply concerns
27 March 2020 - 08:52
Bengaluru — Gold edged lower on Friday as investors booked profits, but was set for its best week since December 2008 as record high US jobless claims due to the coronavirus fuelled hopes for more stimulus to stem the economic damage caused by the epidemic.
Autocatalysts platinum and palladium, meanwhile, were poised for their biggest weekly gains on record, as a lockdown in producer SA stoked supply concerns...
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