Gold firms on virus concerns, US jobs data
Spot gold and US gold futures rise as central banks promise to roll out further stimulus
18 September 2020 - 08:14
Bengaluru — Gold prices rose on Friday as gloomy US jobs data cast a shadow over the economic outlook, and major central banks pledged to roll out further stimulus if required to revive their coronavirus-battered economies.
Spot gold climbed 0.5% to $1,951.32/oz by 3.48am GMT, having fallen to a one-week low in the previous session. It has gained 0.5% so far this week. US gold futures were 0.5% higher at $1,959/oz...
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