Thursday, 09 July 2020
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Gold slides as economic recovery hopes dent safe-haven bids
Thursday, 21 May 2020 11:13 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold fell on Thursday, pressured by hopes of a swift recovery from the coronavirus-driven recession although losses were capped by prospects of more stimulus and bleak data.

Spot gold  slid 0.6% to $1,738.97 per ounce by 02:50 GMT. U.S. gold futures slipped 0.6% to $1,740.80.

Global equities and crude prices surged overnight on hopes of a rapid recovery from the coronavirus-driven recession.

Among other metals, palladium dropped about 3.7% to $2,024.65 an ounce, having hit a one-month high on Wednesday. Platinum fell 2.1% to $832.62.

Source : Reuters

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