Gold slips on Monday as traders favour cash
Further economic deterioration will drag bullion down with the share markets, analyst says
30 March 2020 - 07:58
Bengaluru — Gold prices edged lower on Monday as a flight to cash to cover losses in equities overshadowed measures by global central banks to contain the economic fallout from the coronavirus epidemic.
Spot gold was down 0.2% to $1,614.46 per ounce by 5.46am after Friday’s 0.7% drop. US gold futures fell 0.4% to $1,646.60 per ounce...
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