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
15 April 2020 - 08:15
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.