Gold hits record high as dollar takes a hit from rising US-China row
A lot of funds are moving into bullion due to weaker greenback, analyst says
27 July 2020 - 07:35
Bengaluru — Gold prices jumped to record highs on Monday as an intensifying US-China row hammered the dollar and cemented expectations that central banks would continue pumping out stimulus to ease the economic pain from a worsening coronavirus pandemic.
Spot gold had risen 1.5% to $1,928.83 per ounce by 5.06am after hitting an all-time high of $1,933.30. US gold futures climbed 1.4% to $1,924.20...
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