Bengaluru — Gold eased on Thursday as US Federal Reserve chair Jerome Powell downplayed the possibility of negative interest rates, but his warning of an extended period of weak economic growth capped the metal’s losses.

Spot gold was down 0.2% to $1,712.58/oz by 3.36am GMT, having jumped 0.8% in the previous session on Powell’s dour view on the recovery of an economy battered by the coronavirus pandemic. US gold futures rose 0.3% to $1,721.60...

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