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GOLD FELL AS CHINA TRIES TO CURB CORONA VIRUS

Published On 03 Feb 2020 06:03 AM


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HIGHLIGHTS

  • Spot gold dropped by 0.6% to $1,580.48 per ounce
  • U.S. gold futures fell by 0.2% to $1,584.70

On Monday, after reaching around four-week high the gold prices fell. China’s central bank slashed reverse repo rates and executed liquidity into stock markets to help support the economy hit by a quickly spreading coronavirus outbreak.

Chinese officials promised....


Tags : gold, china, fell, bank,
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