Asian stocks fall as trader fret about burgeoning cost of pandemic
Gold tests new high as weaker dollar and falling bond yields fuels its safe-haven appeal
05 August 2020 - 07:35
Sydney — Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors balked at the ballooning cost of the coronavirus pandemic.
Risk assets such as equities have surged in recent months on huge policy stimulus from central banks and governments, but gold has also rallied in a sign of heightened uncertainty around the long-term effects of the global health crisis...
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