Gold slips on stronger dollar
The metal loses ground amid the hope of a potential Covid-19 drug, but worry about surging cases in Beijing caps gains
17 June 2020 - 09:51
Bengaluru — Gold prices eased on Wednesday on the hope of a potential Covid-19 drug and a stronger US dollar, but the fall was limited due to the worry about surging cases of the novel coronavirus in Beijing.
Spot gold was down 0.2% at $1,723.20/oz by 3.02am GMT, holding a tight $6 narrow range. US gold futures fell 0.3% to $1,731...
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.