On: Tuesday – March 10, 2020
Gold fell more than 1% on Tuesday, March 10, retreating from a jump in the previous session to exceed the level of $ 1700, as it raised hopes of global stimulus measures to mitigate the economic impact of the spread of the Corona virus and the higher-risk assets.
And gold fell in immediate transactions 1.4% to 1656.24 dollars an ounce, after touching its highest level since December 2012 at 1702.56 dollars on Monday because of fears of the global spread of the disease. US gold futures fell 1.1% to $ 1657.10.
As for other precious metals, palladium rose 0.5% to $ 2502.99 an ounce after touching a level near the lowest price in a month in the previous session. Silver increased 0.2% to $ 17.01 an ounce. Platinum rose 1.5% to $ 875.24 an ounce.