Gold slips from seven-year high
But a retreat from riskier assets has followed the IMF's prediction that the global economy may shrink 3% in 2020
Bengaluru — Gold prices fell on Wednesday as investors locked in profits after the metal rallied to a more-than-seven-year high in the previous session, but fears of a deep global economic recession due to the coronavirus pandemic limited losses.
Spot gold was down 0.2% at $1,724.78/oz, as of 4.44am GMT. In the previous session, it jumped as much as 1.9% to its highest since November 2012 at $1,746.50/oz. US gold futures fell 0.7% to $1,756.90...