Gold falls slightly, but dollar holds firm ahead of US jobless data
While bullion is taking cues from other markets in the short term, ‘fundamentals are still supportive in the long run’, say analysts
02 April 2020 - 08:45
Bengaluru — Gold prices edged lower on Thursday as the dollar held firm, while investors awaited key US jobless data amid mounting signs of a recession due to the worsening coronavirus outbreak.
Spot gold fell 0.4% to $1,584.50 an ounce by 3.12am GMT, after rising 1.2% on Wednesday. US gold futures rose 0.4% to $1,597.20 an ounce...
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