Gold gains as coronavirus raises policy-easing chances for central banks

Topics Gold  | Gold Prices


Gold rose nearly 1 per cent on Monday after suffering its largest daily fall in nearly seven years, as expectations grew for policy easing by the US Federal Reserve and other central banks to help boost the coronavirus-hit global economy. Spot gold was up 0.4 per cent at $1,591.84 an ounce by 1:40 p.

m. EST (1840 GMT), and US gold futures settled 1.8 per cent higher at $1,594.80. On Friday, the precious metals market was routed by traders liquidating their positions amidst a coronavirus-led selloff across global markets, with gold.....

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