Gold gains ground on fears of slower economic recovery
Gold is up 0.2% so far this week as new US unemployment benefit claims rise back above the 1-million mark
21 August 2020 - 07:58
Gold prices rose on Friday after bleak US jobless claims data reinforced fears of a slower recovery from the coronavirus-induced economic crisis, denting the dollar and US Treasury yields.
Spot gold was up 0.2% at $1,945.45/oz by 2.36am GMT. Gold is up 0.2% so far this week, having shed 4.5% in the week to August 14, its worst in five months. US gold futures rose 0.4% to $1,953.80/oz...
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