Gold gains as data paints bleak picture of global economy
Metal is firmer after the initial euphoria over a potential Covid-19 vaccine fizzles, ushering in safe-haven demand
20 May 2020 - 08:46
Bengaluru — Gold prices gained on Wednesday as bleak data from major economies reflected the fallout from the coronavirus crisis, while the initial euphoria over a potential Covid-19 vaccine fizzled and gave way to safe-haven demand.
Spot gold was up 0.2% to $1,747.19/oz, as of 2.56am GMT. US gold futures rose 0.4% to $1,753.30...
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