Gold slips after four consecutive sessions of gains
There is a lot of profit-taking but the overall upward trend of gold has not changed, one analyst says
16 April 2020 - 08:20
Bengaluru — Gold prices edged lower on Thursday as the dollar firmed and investors booked profits. However, losses were capped as dour retail sales and manufacturing data out of the US heightened fears of a steep global recession due to the new coronavirus. Spot gold slipped 0.1% to $1,714.55/oz by 3.02am GMT.
The metal had settled 0.7% lower on Wednesday, snapping four straight sessions of gains. US gold futures rose 0.2% to $1,743.30/oz...
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