Dollar trips gold up amid doubts over reopening of US economy
Spot gold fell to $1,679.95 per ounce, having touched its lowest since April 9 earlier in the session
20 April 2020 - 07:38
Bengaluru — Gold prices fell to a more than one-week low on Monday, dragged by a firmer dollar amid doubts over US plans to reopen the world’s largest economy as the novel coronavirus pandemic showed no signs of easing.
Spot gold fell 0.3% to $1,679.95 per ounce by 5.16am, having touched its lowest since April 9 earlier in the session. The metal slumped about 2% on Friday on hopes that the US economy might reopen soon...
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.