Gold falls in volatile trading with the acceleration of liquidity coverage of stimulus attempts – Al-Manar TV site – Lebanon


Gold fell in volatile trading on Thursday after fears of a worsening Corona virus and its implications for the global economy prompted investors to move quickly to liquidate their holdings.

And the spot gold fell 0.4 percent to $ 1,480 an ounce by 0753 GMT. And the yellow metal fell about three percent on Wednesday, along with other precious metals.

US gold futures rose 0.3 percent to $ 1481.70.

The dollar hit a three-year high in the previous session, while bonds fell and stocks struggled to find a foothold while fears over the outbreak remained clouded by stimulus measures launched by governments and central banks around the world.

As for the other precious metals, palladium witnessed a slight change to $ 1587.32 an ounce after falling by more than five percent earlier, while platinum fell for the seventh consecutive session and recorded in the most recent transactions down 2.2 percent to $ 610.52.

Silver hovered near the lowest level in 11 years, which reached in the previous session, and fell 0.4 percent to $ 11.93 an ounce.

Source: Reuters


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