Gold off one-week low on economic recovery fears
The low interest-rate environment globally, and uncertainties stoked by the upcoming US election, bode well for gold
07 October 2020 - 07:48
Bengaluru — Gold prices edged up on Wednesday, after hitting a one-week low in early trade, lifted by renewed fears regarding economic recovery and uncertainty around the US presidential election after President Donald Trump’s Covid-19 diagnosis.
Earlier in the day, spot gold hit its lowest since September 28 at $1,872.66/oz. Bullion prices climbed 0.3% to $1,882.12 by 3.45am GMT. US gold futures were down 1.2% at $1,886.30...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.