Tuesday, 26 May 2020
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Gold Prices Slip After Big Weekly Gains
Monday, 30 March 2020 10:21 WIB | PRECIOUS METALS |GOLD

Gold prices slipped on Monday in Asia after recording their biggest weekly gains since 2008.

Gold futures were down by 0.1% at $1,652.50 by 9:34 PM ET (2:34 GMT), after almost reaching the $1,700 mark last week amid fears about the economic impact damage from the pandemic.

The Asian stock markets, which usually move in directions opposite to gold, also fell today. The COVID-19 pandemic continues to show no signs of abating as the World Health Organization said that there are now 638,146 global COVID-19 cases as of March 29.

Source: Investing.com

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