Gold rises as worry about global growth supports demand
Lower-for-longer interest rates narrative continues to ring well for bullion bulls, analyst says
07 September 2020 - 07:22
Bengaluru — Gold edged higher on Monday after weak US data raised concerns over a quick economic rebound from the coronavirus-led slump and cemented hopes that lower interest rates would last longer.
Spot gold was up 0.2% at $1,935.50 per ounce by 5.41am, moving further away from a one-week low of $1,916.24 touched on Friday...
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