Wednesday, 03 June 2020
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Gold ticks higher as coronavirus worries deepen, Fed minutes eyed
Wednesday, 8 April 2020 22:18 WIB | PRECIOUS METALS |GOLD

Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on further stimulus measures.

Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce.

Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15.

Silver rose 0.5% to $15.08 an ounce, having touched a more than three-week high in the previous session.

Source: Reuters

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