Gold rises as trade turns risk-off
The metal extended gains global markets ease after recent rally, while US treasury yields drop ahead of Fed meeting
10 June 2020 - 08:59
Bengaluru — Gold extended gains on Wednesday as global equity markets eased after a recent rally, while US treasury yields dropped ahead of the outcome of the Federal Reserve’s meeting that is expected to shed light on the state of the economy and further stimulus.
Spot gold was up 0.1% at $1,715.43/oz, as of 2.48am GMT, after posting its best day in a month on Tuesday. US gold futures also edged up 0.1% to $1,723.60...
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